Morning update Mon, 10th Nov:
In spite of all global +ve clues, do not expect any ‘huge’ rallies on higher side. It’s the time when ‘longs’ should be kept with strict ‘SL’. One may prefer intra-day trades only today and the break below 2960 could be safer for ‘short’ today. Still there are some chances for 3065/3100 and 3180 on higher side.
It’s the well experienced facts that any big move can be outcome of a ‘gap-up’ or ‘gap-down’ and we could make good profits out of it.
I wish to attract your attentions towards such ‘big move’. On the oncoming Mar’s day (11th Nov), the Mars is supposed to strengthen the ‘Bears’. The Dow would show its real colures on Tue night.
Please take it as an opportunity to initiate shorts/puts on Tuesday and carry such shorts for Wed to enjoy a good gap down followed by further weakening on Wed.
Morning update Fri, 7th Nov:
Morning update Fri, 7th Nov:
Many readers were surprised as it was mentioned to cover shorts by EOD y’day.
In spite of fall in US & European markets yesterday night, the Asians are recovering fast this morning from their weak open. (SGX CNX Nifty opened at 2752 have recovered till 2860)
Today, it could be a ‘pause’ for downtrend prevailing or even there are strong chances for a surprising bounce coupled with +ve dow futures. Yesterday, it was mentioned that Dow has strong chances for an up move on Fri.
Today, the traders should concentrate on intra-day trade only and trade below 2850 could be safer to go short with strict SL. The sustaining above 2910 could lift it to 2945/2975 and even 3000.
It’s better to close all positions before EOD.
Many readers were surprised as it was mentioned to cover shorts by EOD y’day.
In spite of fall in US & European markets yesterday night, the Asians are recovering fast this morning from their weak open. (SGX CNX Nifty opened at 2752 have recovered till 2860)
Today, it could be a ‘pause’ for downtrend prevailing or even there are strong chances for a surprising bounce coupled with +ve dow futures. Yesterday, it was mentioned that Dow has strong chances for an up move on Fri.
Today, the traders should concentrate on intra-day trade only and trade below 2850 could be safer to go short with strict SL. The sustaining above 2910 could lift it to 2945/2975 and even 3000.
It’s better to close all positions before EOD.
Morning update Thu, 6th Nov:
Morning update Thu, 6th Nov:
Yesterday, I had mentioned in chat room to initiate shorts / put as well hold for today. The yesterday’s mega fall as well Gap-down today would make it in good profits. Today, even after gap-down, there are strong chances for further drifting and the Nifty would march towards tasting earlier lows. The traders may hold shorts or re-initiate at open but all such shorts should be covered by EOD.
The oncoming Fri indicates some volatile movements and it’s better to try only intra-day trades on Fri.
On Fri, there are strong chances for an up move in DOW which may influence the open of Asians on Mon.
Yesterday, I had mentioned in chat room to initiate shorts / put as well hold for today. The yesterday’s mega fall as well Gap-down today would make it in good profits. Today, even after gap-down, there are strong chances for further drifting and the Nifty would march towards tasting earlier lows. The traders may hold shorts or re-initiate at open but all such shorts should be covered by EOD.
The oncoming Fri indicates some volatile movements and it’s better to try only intra-day trades on Fri.
On Fri, there are strong chances for an up move in DOW which may influence the open of Asians on Mon.
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