iCharts Discussions

shashangan · Posted: Fri Apr 12, 2013 12:27 pm Post subject:

Target achieved. Cover all or partial shorts to replace higher. If 5522-20 holds it may again play the same range till 1.30 back to 5555 area.

Mkt has been trying to confuse & trap intraday players. Like I had mentioned earlier, be careful with longs, you can see meaning less swings are being done to just confuse & trap traders. Understand the main trend & go with it. Though I expect them to close it near or below 5500 (Probably i feel at least 5492-90 area can be tested), It's a friday mkt, so am prepared for some high voltage drama post 2 pm. Going one step at a time. So far so good. Play safe.

Goodluck
Gautham Shashangan

dharmeshtr · White Belt Joined: 10 Feb 2011 Posts: 205

Good work Shashangan!

Keep it up.

Rgds.,
dtr

shashangan · Posted: Fri Apr 12, 2013 1:27 pm Post subject:

Thanks Dharmesh.

Regard,s
Gautham Shashangan

shashangan · Posted: Fri Apr 12, 2013 2:23 pm Post subject:

Replace shorts @ 5548+. Target open.

Regards,
Gautham Shashangan

shashangan · Posted: Fri Apr 12, 2013 2:52 pm Post subject:

I am happy, I have been able to get the entire move right today, unlike yesterday.

If you dont want to risk place an order for stop @ 5558.40 or to 5544. Take your call.

Thanks
Gautham shashangan

shashangan · Posted: Fri Apr 12, 2013 3:32 pm Post subject:

Yesterday very few would have expected mkt to turn so much minus (-) today or close so low.

Well 5500 didn't come as I mentioned but I am happy It's still closed a convincing bear. The daily & weekly close has no pull backs, which is again a confirmation to the 5450, 5415 & 5370-65 min targets next week.

I may not be there on Monday & Tuesday. Till then happy & safe Trading. Keep a watch for a strong break of 5625 or above close. My view remains same.

Enjoy your weekend.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Apr 16, 2013 12:34 am Post subject:

I am guessing April may open around or below 5538

Let's see in the morning.

Regards,
Gautham Shashangan

shashangan · Posted: Tue Apr 16, 2013 12:39 pm Post subject:

Having some classes at my place. So not able to track mkt. Just got 15 min.s break so checking mkt.

5612-10 on lows & 5653-55 on the highs could be the range till 3 pm.

Thanks
Gautham Shashangan

shashangan · Posted: Wed Apr 17, 2013 10:08 am Post subject:

5720-25 on the highs & 5658-54 on lows could be the range till 2.30.

I could be wrong.

Regards
Gautham Shashangan

shashangan · Posted: Wed Apr 17, 2013 3:26 pm Post subject:

Close your shorts EOD

The mkt can make a new high for tomorrow. Around 5765 could be the target for April.

You can buy on dips or if tomorrow mkt opens lower. Around 5643-37 could be max low for this move if mkt opens lower tomorrow.

Thanks
Gautham Shashangan

shashangan · Posted: Wed Apr 17, 2013 4:31 pm Post subject:

Nifty probably again reversing the trend for short term up. Shall confirm the medium & long term with time.

Regards,
Gautham Shashangan

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

shashangan · Posted: Wed Apr 17, 2013 6:15 pm Post subject:

That's right Vinay,

Sorry, I just corrected it. 5643-37 if you get.

Thanks
Gautham Shashangan

shashangan · Posted: Thu Apr 18, 2013 1:09 pm Post subject:

Longs can book the profit just above 5744 to replace lower.

Thanks
Gautham Shashangan

shashangan · Posted: Thu Apr 18, 2013 1:15 pm Post subject:

You can wait for an hour or two, but If you dont want to miss & willing to take a risk, place an order to short above 5748.

The max high could be around 5762. I feel there could be a correction around 5658 by tomorrow.

I could be wrong though.

Intra day Stops would be above 5775.

Thanks
Gautham Shashangan