iCharts Discussions

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

gautham, last time we discussed about the need for one being aware of what's happeing. I was to sell my PEs after rbi policy review at 128 but the moment I heard the rumour on TV, I waited and sold at 168 close to top

shashangan · Posted: Tue Mar 19, 2013 1:02 pm Post subject:

Hmm, you are right. I try hard not to trade when there is news. Most times I make losses due to some news which I would not have taken seriously.

Anyway shall try & be careful from next time. Anyway good work Vinay. I always keep telling myself, I should try & keep my eyes wide open to the fundamentals, but I keep losing my patience, it's a lesson.

Thanks
Gautham Shashangan

pkveenu · White Belt Joined: 21 Apr 2009 Posts: 106

shashangan · Posted: Tue Mar 19, 2013 9:44 pm Post subject:

Hello Veenu,

If overall mkt sentiment continuous to be bearish, probably you may get 1443-42 for LT. You can partially reduce your position here or take your own call to close all.

The next important support could be around 1420-17 region where you can exit all your positions if you get.

I am not sure it would break low at the moment. But what ever the case it looks like definitely getting back near minimum 1530 region by next month again, as per my analysis. I can be wrong.

Thanks
Gautham Shashangan

pkveenu · White Belt Joined: 21 Apr 2009 Posts: 106

thanks shashangan

i wl take care tomorrow and try to lighten my short position around 1445 and low if i get

regards

vinay28 · Black Belt Joined: 24 Dec 2010 Posts: 11748

my suggestion would be not to panic unless nifty spot closes below 5650

shashangan · Posted: Wed Mar 20, 2013 9:34 am Post subject:

Thanks Vinay,

Hoping it does not go below NF 5685 itself.

I have a few call buys remaining. But it's ok. All in the game. Mkt is always greater than us. We are all humans, we can make mistakes, so we should accept it & relax the mind not to get carried away to do some emotional trades to recover the loss..

No panic.

Thanks
Gautham Shashangan

shashangan · Posted: Wed Mar 20, 2013 9:39 am Post subject:

Mkt may possibly consolidate in a side ways range from here probably till at least 1 pm & might close positive at the closing.

Between 5714-11 NF could be the low for now.

I am just taking a guess. I can be wrong.

Thanks
Gautham Shashangan

sanju777 · White Belt Joined: 13 Jun 2011 Posts: 87

5711...........Low uptill now.......

Sanjay

shashangan · Posted: Wed Mar 20, 2013 11:45 am Post subject:

Right Sanjay. There can be one more low possibly.

Only Risk Takers

Place an order to Buy NF @ 5710 - 5708 with Stop 5688.

Expected Min Target - 5776. Possible Target 5805-13.

Regards,
Gautham Shashangan

shashangan · Posted: Wed Mar 20, 2013 12:19 pm Post subject:

Bought NF @ 5705.60

Regards,
Gautham Shashangan

shashangan · Posted: Wed Mar 20, 2013 12:31 pm Post subject:

I dont want to take a chance. Kindly pull your stop to lock your entry @ 5714 from 5688.

I am stepping out for some time. Play safe. Good luck.

Thanks
Gautham Shashangan

skd2012 · Yellow Belt Joined: 03 Oct 2012 Posts: 948

Nice one!! Everybody has his days Smile

shashangan · Posted: Wed Mar 20, 2013 1:31 pm Post subject:

Thanks Das

My trailing stop has triggered @ 5726.80.

Shall re-enter soon on confirmation.

Regards,
Gautham Shashangan

shashangan · Posted: Wed Mar 20, 2013 1:37 pm Post subject:

Placed an order to Buy NF again @ 5719.15 stop 5698

Regards,
Gautham Shashangan