iCharts Discussions

shashangan · Posted: Tue Apr 09, 2013 12:36 pm Post subject:

Target achieved as I had mentioned. The 5622 high may hold for some time & probably after 2 pm it may try one more high around 5625-5630.

Thanks
Gautham Shashangan

shashangan · Posted: Tue Apr 09, 2013 3:18 pm Post subject:

Busy day at office. Thought would get one more high before down. Missed my short. 5370-65 region could be target by Thursday for April.

Like I had mentioned the main trend is bearish, be very careful when you long, dont play without stops.

Thanks
Gautham Shashangan

shashangan · Posted: Wed Apr 10, 2013 1:52 pm Post subject:

If 5510-12 holds for now & 5580 break again, there is a possibility of April testing 5450 today & possibly 5415.

Immediate Intra day stops would be above 5535. Major above 5570. There should be selling from 5555 area if it gets there.

Regards,
Gautham Shashangan

shashangan · Posted: Wed Apr 10, 2013 2:17 pm Post subject:

High Risk - Strictly Intra day - Place an order to short April @ 5548.50- 5554. Stop 5572. Target open.

Note - Above 5625 would be bad.

Kindly update me if there is any important news.

regards,
Gautham Shashangan

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

satishkadam · Yellow Belt Joined: 01 Apr 2010 Posts: 805

shashangan · Posted: Wed Apr 10, 2013 4:36 pm Post subject:

Sorry SL got triggered Satish, We will see tomorrow.

Thanks
Gautham Shashangan

satishkadam · Yellow Belt Joined: 01 Apr 2010 Posts: 805

shashangan · Posted: Wed Apr 10, 2013 5:30 pm Post subject:

Overall It still looks quite bearish to me Satish.

Short term to turn bullish, it needs to go through 5625 strongly or close above. Overall bearish trend will be in question if it goes through 5775 strongly or closes above.

A strong break of today's low 5480 or close below should see heavy selling to 5450 & 5415 areas immediately.

Though early, 5370-65 could be level it may take a pause which could be achieved this week probably. The mkt can possibly go much lower. I shall update as mkt goes lower on possible targets.

Sell on rises are ideal. Small players should not go long if they dont have good back up, it can give you heart swings & will make you cut your position in panic.

IT's my view, I can be wrong.

Thanks
Gautham Shashangan

shashangan · Posted: Thu Apr 11, 2013 1:18 pm Post subject:

Wanted to say sell @ open, but held myself back.

Anyway Mkt is sideways to down till 2.30. April will try below 5540 once just after 2 pm.

Keeping in mind tomorrow is friday, I feel they will want the weekly close below 5500. Just my view. I can be wrong.

Thanks
Gautham Shashangan

shashangan · Posted: Thu Apr 11, 2013 1:30 pm Post subject:

Place an order to short April @ 5583.40.

Regards,
Gautham Shashangan

shashangan · Posted: Thu Apr 11, 2013 3:07 pm Post subject:

Add one more short @ 5610 with stop @ 5630. Could be risky, but take your call. Close EOD if not favorable.

Thanks
Gautham Shashangan

shashangan · Posted: Thu Apr 11, 2013 3:26 pm Post subject:

Cover higher shorts @ 5582 or EOD & take your call on carrying positions. If mkt closes in Red (Below 5592) it's good for bears.

Thanks
Gautham Shashangan

shashangan · Posted: Fri Apr 12, 2013 9:54 am Post subject:

5554 - 5527 around could be the possible min range till 10.30

Intra day Stops should be above 5594.

Gautham Shashangan

shashangan · Posted: Fri Apr 12, 2013 10:46 am Post subject:

5522-54 could still be the range till 12 pm for April.

Thanks
Gautham Shashangan