iCharts Discussions

shashangan · Posted: Thu Oct 25, 2012 5:33 pm Post subject: Nifty Analysis

I like predicting moves well in advance. Anyway This is my personal projection. I may be wrong. Just have made a approximate guess based on my analysis. Hope it comes right.

Play safe, do your analysis. If you make profit keep it, If you make losses it's yours. I am not responsible for it. It's not easy to make long term projections, so I repeat my prediction is an approximate projection. I may change my view if trend changes.

Thanks
Gautham Shashangan

shashangan · Posted: Fri Oct 26, 2012 8:57 pm Post subject: One more clear chart

The levels mentioned is for futures not spot.

Attaching another chart which will give a clearer picture of my analysis from the previous one. Hoping it works. After a long time I am posting a bold projection.

Hoping it comes right. Let's see. I know everybody will be wondering how to use my call. Dont worry, track it for now, if it comes right you can follow me. My calls are generally against the trend, so it will look risky to make an investment based on my call.

I am just trying to dedicate some time to work towards my dream to build a Portfolio mgt co.

Thanks
Gautham Shashangan

saumya12 · Brown Belt Joined: 21 Dec 2011 Posts: 1509

Thanks, Gautham

amitkbaid1008 · Yellow Belt Joined: 04 Mar 2009 Posts: 540

Nice projections Gautam

By the way can you explain what kind of analysis you are using for such projections?

shashangan · Posted: Sun Oct 28, 2012 5:06 pm Post subject:

My pleasure Saumya, you are welcome

shashangan · Posted: Sun Oct 28, 2012 5:11 pm Post subject:

Hello Amit,

Thank you for your compliment.

Regarding my analysis, it's based on lot of factors from my experience. I use mkt sentiments, Fibonacci & historical patterns with certain calculations.

One of the pattern I have indicated is a round bottom or saucer bottom. Though it wont apply here very accurately since it works more effectively after a long down trend.

But generally following sentiments, it is at a level where it will break high to trigger stops for trapping shorts & again come back to break the immediate low to trap people who will stop & reverse longs. So immediately it has to break high & come back & break low & then go for a short rally. It's difficult to explain or reveal everything. It's based on how the big players play the mkt based on a particular analysis.

But anyway, It's not necessary I should be right, I can also go wrong, but I work on analyzing trends to give one clear view, than using ifs & buts (If it breaks - It will come here or go there).

I am just starting to dedicate some time, I need to give it more time for giving much more accurate trends including short term moves. Shall try & be active.

I will look wierd as a fool for all the hi-tech analysis projected, if it doesn't come right, but it's ok, I know my efforts are sincere based on some knowledge I carry. But on a long run I will make sense to people once they see my predictions coming right.

Le'ts wait & watch.

Thanks
Gautham Shashangan

amitkbaid1008 · Yellow Belt Joined: 04 Mar 2009 Posts: 540

Thanks Shashangan

Keep updating this tread in future also.

bullseye · White Belt Joined: 26 Oct 2010 Posts: 37

Dilchasp....bahut dilchasp......Indeed Interesting. Thanx for sharing your analysis Cool

shashangan · Posted: Mon Oct 29, 2012 9:24 am Post subject:

Thanks, Hope I hit the bullseye

pkholla · Black Belt Joined: 04 Nov 2010 Posts: 2890

Gautam: I hope and pray for Nifty hitting your targets and going further. In addition to making profits, I have a recycle bin to clear
Cheers, Prakash Holla

shashangan · Posted: Mon Oct 29, 2012 10:09 am Post subject:

No prob Prakash.

For Intra day players - Buy Nov Nifty @ 5708-06 with stop 5696 for 5730 target.

Gautham Shashangan

shashangan · Posted: Mon Oct 29, 2012 11:13 am Post subject:

If you have multiple entries book 50% profit @ CMP 5723 & trail the stop to 5711 for other from 5696

shashangan · Posted: Mon Oct 29, 2012 11:20 am Post subject:

YOu can hold by trailing the stop if req.d. The mkt still up for the moment intraday.

Gautham Shashangan

shashangan · Posted: Mon Oct 29, 2012 11:28 am Post subject:

Sorry. Target almost achieved. Long term people holding lower buys can hold on. Think Mkt will be in correction mode for some time.

Thanks
Gautham Shashangan

shashangan · Posted: Mon Oct 29, 2012 12:16 pm Post subject:

Buy Nov CMP or 5714 with same stop 5796 & wait