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Nifty Analysis |
vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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Post: #991  Posted: Thu Apr 18, 2013 1:21 pm Post subject: |
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| tmrw and next wednesday holidays |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #992 Posted: Thu Apr 18, 2013 1:32 pm Post subject: |
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Oh Ok Vinay, didn't know that.
It's achieved my short term target. If I am not wrong, Mkt may play a range of 5727 to 5762 till 2.45-3.00 pm.
I strongly feel it will again correct lower. If tomorrow is holiday, I dont know if the mkt would do something wild near 3 pm being last trading day for week. If not on Monday. It looks ok to me to short. I am planning to enter one a little later. Will decide on holding. Doesn't look very risky to me personally as of now.
Let's see.
Thanks
Gautham Shashangan |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #993 Posted: Thu Apr 18, 2013 2:26 pm Post subject: |
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Placed an order to Short one Apr @ 5752.80
Thanks
Gautham Shashangan |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #994 Posted: Thu Apr 18, 2013 2:36 pm Post subject: |
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If I am not wrong the mkt should stop here 5767-70
I can be wrong.
Good luck
Gautham Shashangan |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #995 Posted: Thu Apr 18, 2013 3:11 pm Post subject: |
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Placed a stop @ 5811 for my short.
Gautham Shashangan |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #996 Posted: Thu Apr 18, 2013 3:44 pm Post subject: |
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but gautham, looks like 5658 may not be possible now. Perhaps around 5750 and then up again. What do you think?
Last edited by vinay28 on Thu Apr 18, 2013 4:10 pm; edited 1 time in total |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #997 Posted: Thu Apr 18, 2013 3:54 pm Post subject: |
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It still looks ok to me Vinay. If it closed right at high there would have been risks. Some small sell off at highs is a relief. Around min 5700 we may see. Even 5658 s still possible. Let's wait till Monday.
I can still be wrong.
Regards,
Gautham Shashangan |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #998 Posted: Thu Apr 18, 2013 4:13 pm Post subject: Nifty Analysis |
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| Yes possible. We may see a high, doji, and then a correction. May take one to three days. Overall downward trend took a pause for now with today closure. |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #999 Posted: Thu Apr 18, 2013 4:33 pm Post subject: |
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True Nerella, The weekly close is bad. So I think you are right, it's going to achieve my old targets probably again like you had mentioned.
It's possible for Nifty for making new highs. I didn't notice one possibility of mkt reversing around 5500. I just was re-looking & analysing from past few days & with today's close it's indicating probably one New high is pending.
I read the trends wrong slightly, also in between lot of swings confused me. Well I get excited to give longer pictures, again holding back to say it will break high.
Will go one step at a time. For medium term it's up, so going long is wise. I still need to go through everything again. Shall update as it gets clear to me. I am quite angry with my negligence since I am not considering all possibilities. Well I should actually try & spend more time with my analysis to control my impulses & bring more accuracy.
Regards,
Gautham Shashangan
Last edited by shashangan on Thu Apr 18, 2013 5:26 pm; edited 4 times in total |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #1000 Posted: Thu Apr 18, 2013 4:46 pm Post subject: Nifty Analysis |
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shashangan, Honestly your trade success ratio is really good. No system is perfect and no analyst too. However considering the success ratio and accuracy in prediction is good, at least to me. I would like to see your good old day charts (when the thread started) where you covered all possibilities.
Now a days market also behaving like either calm or storm. Volatility may increase going forward not sure though. I guess 5755/ 5710 crucial numbers. Only a close above 5872 on EOD basis can change the current trend, till then a trading mode.
| shashangan wrote: | True Nerella, The weekly close is bad. So I think you are right, it's going to achieve my old targets probably again like you had mentioned.
It's possible for Nifty for making new highs. I didn't notice one possibility of mkt reversing around 5500. I just was re-looking & analysing from past few days & with today's close it's indicating probably one New high is pending.
I read the trends wrong slightly, also in between lot of swings confused me. Well I get excited to give longer pictures, again holding back to say it will break high.
Will go one step at a time. For medium term it's up, so going long is wise. I still need to go through everything again. Shall update as it gets clear to me. I am quite angry with my negligence since I am not considering all possibilities. Well I should actually try & spend more time with my analysis to control my impulses & bring more accuracy.
Regards,
Gautham Shashangan |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #1001 Posted: Thu Apr 18, 2013 4:54 pm Post subject: Re: Nifty Analysis |
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Ha Ha Nerella,
It's Jawani ka josh.  I was new to the forum & wanted to impress people. Now I have got used to it & grown little old here. So need to rejuvenate my mind to bring back the josh I think.
Just kidding, lot of other things at work & personal life affecting my concentration. I have to improve my patience like before to sit before system & give some time for mkt.
Need to pull up my socks & load my guns to come out blazing.
Regards,
Gautham Shashangan |
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rsnerella
White Belt
Joined: 30 Jul 2008
Posts: 153
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| Post: #1002 Posted: Thu Apr 18, 2013 5:19 pm Post subject: Nifty Analysis |
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Pull up all the weapons  .
There are many old people here  and everywhere 
I can understand the work pressures. 
But Nifty Analysis = shashangan  This week and next week lot of holidays.  Josh will come back. 
| shashangan wrote: | Ha Ha Nerella,
It's Jawani ka josh. I was new to the forum & wanted to impress people. Now I have got used to it & grown little old here. So need to rejuvenate my mind to bring back the josh I think.
Just kidding, lot of other things at work & personal life affecting my concentration. I have to improve my patience like before to sit before system & give some time for mkt.
Need to pull up my socks & load my guns to come out blazing.
Regards,
Gautham Shashangan |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #1003 Posted: Thu Apr 18, 2013 5:29 pm Post subject: |
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For me Nifty is like a huge serpent. I just need to get hold of the Trend head & I smoothly sail with her, sitting on it's head like Krishna dancing on Kalia's head,  For some time, she has slipped out of my hand & I am holding the tail, so I am being flung up & down with her wild movements.  , so dancing to her tunes. I am very careful because she's slippery & can swing you to break your bones or bite you dead.  . It's her turn to play, so she's swinging me with the song, Mei teri dushman, dushman tu mera, Mein Nagan tu Sapera, let her play, She knows I will get hold of her head soon.
Regards,
Gautham Shashangan |
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shashangan
Green Belt
Joined: 12 Jun 2007
Posts: 1321
Location: Bangalore
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| Post: #1004 Posted: Thu Apr 18, 2013 11:38 pm Post subject: |
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Enjoy your weekend.
Regards,
Gautham Shashangan |
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #1005 Posted: Fri Apr 19, 2013 9:53 am Post subject: |
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| shashangan wrote: | For me Nifty is like a huge serpent. I just need to get hold of the Trend head & I smoothly sail with her, sitting on it's head like Krishna dancing on Kalia's head, For some time, she has slipped out of my hand & I am holding the tail, so I am being flung up & down with her wild movements. , so dancing to her tunes. I am very careful because she's slippery & can swing you to break your bones or bite you dead. . It's her turn to play, so she's swinging me with the song, Mei teri dushman, dushman tu mera, Mein Nagan tu Sapera, let her play, She knows I will get hold of her head soon.
Regards,
Gautham Shashangan |
in one of a trade psychology book that i read, the writer ask to write down name of an animal, which u think resembles market. after few pages, he says, that the animal that u wrote is ur perception about mkt.
if a name of of friendly animal came to ur mind, then u think mkt is friendly and there is greater possibility of u being at comfort while doing trading.
if a name of dangerous animal came to ur mind, then u think mkt is per se dangerous and there is a diminished chances of u being a success in market. 
Lord Krishna can do anything, as he is lord and nothing is beyond his reach. |
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