bought 18000 pe @214.55 my stop is on the index 18390 above this level will have to take fresh view until nifty is trading below 18390 i will hold this put
WILL BUY ABOVE 227 for target of 240 minimum for a short term trade like 10/ 15 days max this is under my radar now will execute as the reversal gets confirmed above 227
now u have to be careful in nifty and bank nifty i missed this trade just had a look at it after buying pe in nifty to confirm my view and saw the move has already began usdinr and nifty moves in opposite direction i hope this is of some use i am not making any long position now
i just observed this. This is not my opinion just a possibility may be not even that but as things stand i am not going to short this market until a clear signal is on charts there has to some thing solid to bring the shorts on now last 2/3 daily candles are suggesting a bear trap lets wait to see something much clear until then this is looking bullish as of now
breakout again no need to short or add position one can only hold to the long this is a bear trap market reversal trades have to be traded with stoploss
sold 42700 put@ 74.55 i am expecting bank nifty to break todays upper range near closing time and range bound for tomorrow lets see how this trade work out
first target is marked will update more as price unfolds
will buy tommorow my targets are 550 / 560 in 3/4 months marico is at a great buy zone strong conviction at this moment but lets see how things un folds
levels for dow stays above 33475 long target 33620and then trail stop 33270 breaks 33475 on the down short stop 33590 targets 33270/33141 if dow is bullish today at the i will cut my shorts on nifty on monday
i think it has completed minor complete wave if so should give abc down move from now on we will see. if sustain above marked levels will analyse again for now great time to book profits for short term trading only will be posting a weekly wave cycle chart also have a look on that for a more longer term picture for gold
NSE:PNB have booked my profits but this is a projected targets for those who are holding from lower levels one should look to book profits near 65 to 68 range no fresh position is advised and one should not get in now as it too late for a good entry but the move is still on hope you hold on to the winners
last leg of correction as per wave theory remember panic must be created if a bottom has to be made will update when needed short term bias is not positive but there is nothing to worry as for investors
My minimum target marked on the chart cannot buy all psu bank separately have bought pnb seperately will buy psubees now as this is going up only will not sell whole quantity on the target will sell have quantity on target rest i will hold
GOOD NEWS for stock holders and the reason for the pump in gold usdx has just taken a big dive down from the major breakout levels so there should not be any more panic for stocks for now till usdx is trading below the former breakout levels and now the big resistance will update on down targets later
there is no reason to panic as of now it is just a normal correction after a big move nifty can easily take support at 18150/18100 levels and a bigger but normal correction will take it to 17600/ 17800 levels easily however if the fall is not a sharp one the overall market may remain good that is that the small cap and midcaps will keep on going strong as they...
as major support for nifty approaches at 17180/17200 levels this week or may be the next week these are important levels for a break down or reversal. coming days will give clear direction for a one way big move possible on both sides
some good days finally back usdx is down vix is down stocks look good for now just the dip now
104.4 if usdx starts trading above it next stop and fast move till 105.93 is expected which will be pain for gold and equity