iCharts Discussions

shashangan · Posted: Fri Apr 05, 2013 9:39 am Post subject:

If I am not wrong 5567-63 on the lows & 5605 on the highs could be the range till 11.

Thanks
Gautham Shashangan

shashangan · Posted: Fri Apr 05, 2013 11:56 am Post subject:

April Range till around 1.45 pm. The Mkt may give a pull back correction from 5558-55 area to 5605. It's a possibility, but remember the mkt looks overall down.

Today is a Friday mkt. Play cautiously. Stops are below 5546

Thanks
Gautham Shashangan

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

Good one Gautham

shashangan · Posted: Fri Apr 05, 2013 3:25 pm Post subject:

Week closes weak.

Thanks
Gautham Shashangan

shashangan · Posted: Fri Apr 05, 2013 4:12 pm Post subject:

Thank you Das. Just saw your msg.

Regards,
Gautham Shashangan

rksharma1091 · White Belt Joined: 20 Jan 2009 Posts: 49

relief rally expected may be again to 5850 or higher depending on variables how they span out. Very Happy

your take on same

shashangan · Posted: Mon Apr 08, 2013 9:50 am Post subject:

Sharma, still trend is not very clear, but I feel the mkt has reversed to down & 5850 is too far & the reversal point. If mkt gets above it, then the down trend will be in question.

5605 can be on the cards for sure & could be followed by 5630 which is a good resistance level.

I will go one step at a time. For now let it cross 5630 & I will see how it's shaping up.

Thanks
Gautham Shashanan

shashangan · Posted: Mon Apr 08, 2013 10:05 am Post subject:

For now around 5560 on the low & 5605 on the highs could be the range till probably 2 pm for April. It's a guess I can be wrong.

5535 is the important intra day support area & 5595 is the intermediate intra day resistance area.

Regards,
Gautham shashangan

singh.ravee · Yellow Belt Joined: 12 Aug 2010 Posts: 678

dhavalparag · White Belt Joined: 01 Nov 2008 Posts: 28

Dear,

Today 5577 is res and 5530 is support. if both r taken out than tgt are 5600-5620 on upside and 5500-5480 on down side. so trade accordingly.

shashangan · Posted: Mon Apr 08, 2013 11:00 am Post subject:

Thanks Ravee,

Well I mostly stick to my own analysis & don't get influenced by any other person's contradicting view.

But many times, when there is a small possibility of deviation, I mention the word guess just so that people know there is a small risk.

I try my best to confidently post my views, but you need a lot of focus & very close analysis, which at times is very taxing. But ultimately in any case nobody can be 100% sure what can happen.

But I shall try & post more confidently when ever it's clear.

Regards,
Gautham Shashangan

singh.ravee · Yellow Belt Joined: 12 Aug 2010 Posts: 678

shashangan · Posted: Mon Apr 08, 2013 11:39 am Post subject:

Strictly Intra day

Place an order to Buy April Nifty @ 5556.10 with stop 5532. Min Target 5588-90

Shorts can cover to replace their entry higher again.

Regards,
Gautham shashangan

shashangan · Posted: Mon Apr 08, 2013 12:48 pm Post subject:

Short term possibility.

Thanks
Gautham Shashangan

shashangan · Posted: Mon Apr 08, 2013 1:14 pm Post subject:

If you dont want to lose, Scale up your stop to 5563.80 or 5553.80.

Thanks
Gautham Shashangan