Morning update Thu, 12th Mar:
Fading Gap up, intraday traders may initiate shorts at open to cover EOD.
Expect a gap up open for Indian markets and the nifty may lose opening gains gradually as the trade progresses. The intra-day traders may initiate ‘shorts’ at open itself to cover at EOD.
http://niftypredictor.blogspot.com/
Expect a gap up open for Indian markets and the nifty may lose opening gains gradually as the trade progresses. The intra-day traders may initiate ‘shorts’ at open itself to cover at EOD.
http://niftypredictor.blogspot.com/
Morning update Mon, 9th Mar:
Weak open-downtrend resumes-Hold shorts to cover EOD-Risky traders may carry shorts for Thursday open.
On Thursday, it was mentioned “The traders must exit all long / CE positions before Friday EOD and use this bounce to re-initiate fresh shorts / PE on Fri EOD”. Expect the weak open for Indian market and the nifty may try to retain levels for initial hour followed by further drifting. The intra-day traders may initiate short / PE at open to cover EOD. The high risk traders may carry shorts for Thursday open. Due to ‘Time decay’ (holidays) it’s better to short CE than holding PE.
http://niftypredictor.blogspot.com/
On Thursday, it was mentioned “The traders must exit all long / CE positions before Friday EOD and use this bounce to re-initiate fresh shorts / PE on Fri EOD”. Expect the weak open for Indian market and the nifty may try to retain levels for initial hour followed by further drifting. The intra-day traders may initiate short / PE at open to cover EOD. The high risk traders may carry shorts for Thursday open. Due to ‘Time decay’ (holidays) it’s better to short CE than holding PE.
http://niftypredictor.blogspot.com/
Morning update Thu, 5th Mar:
Flat open, Prefer intraday trades only & risky trades may carry long for Friday. The Fri bounce must be used to exit all long positions if any as well initiate fresh shorts / PE.
The nifty paused after consistent fall indicates strong chances for a dead cat bounce on Fri. The traders should prefer intraday trades only and the risky traders may carry longs (in very small qty) for Fri. The traders must exit all long / CE positions before Friday EOD and use this bounce to re-initiate fresh shorts / PE on Fri EOD.
http://niftypredictor.blogspot.com/
The nifty paused after consistent fall indicates strong chances for a dead cat bounce on Fri. The traders should prefer intraday trades only and the risky traders may carry longs (in very small qty) for Fri. The traders must exit all long / CE positions before Friday EOD and use this bounce to re-initiate fresh shorts / PE on Fri EOD.
http://niftypredictor.blogspot.com/
Morning update Wed, 4th Mar:
Flat or some –ve open, use close TSL to shorts / PE. Book profits before EOD. Prefer intra till Fri EOD & reenter short / PE at Fri EOD.
Most of the chat room members are holding shorts / PE heavily (in good profits too). Today, expect yet another flat or slightly –ve open and the nifty may trade weak for the day. Although it’s not an end to the downfall towards 52-week’s low of 2252; there is strong possibility for dow induced bounce tom and or Friday. So traders may use close TSL to their short positions or cover before EOD. The traders may re-enter PE / short mode again on Friday.
http://niftypredictor.blogspot.com/
Most of the chat room members are holding shorts / PE heavily (in good profits too). Today, expect yet another flat or slightly –ve open and the nifty may trade weak for the day. Although it’s not an end to the downfall towards 52-week’s low of 2252; there is strong possibility for dow induced bounce tom and or Friday. So traders may use close TSL to their short positions or cover before EOD. The traders may re-enter PE / short mode again on Friday.
http://niftypredictor.blogspot.com/
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