Well We are at inflection Point .
Ther's a beautiful auction at this level .
Watch out for another major reversal .
At present it is buy the Dip SL 7280 NS . In case if you want to short SL is 7565 NS .
Fingers Crossed - - At present No positions except few deep ITM puts .
Happy Trading ! !
Ther's a beautiful auction at this level .
Watch out for another major reversal .
At present it is buy the Dip SL 7280 NS . In case if you want to short SL is 7565 NS .
Fingers Crossed - - At present No positions except few deep ITM puts .
Happy Trading ! !
NIMESH BHAI BOUGHT PE FOR WHAT TARGETS.
ReplyDelete@AjayBhai - - 7287 - 7190 - 6750 - 6650 - 6450 - - Bought mixed bag of puts form march april and may - - SL 7565 EOD closing for March Put and for april and May Puts SL 7720 +/- 60 Points NS
ReplyDeleteNimeshji,i too not exit PE at 8356. Waiting for reversal.Already you hinted it (6750) shifted to march.
ReplyDeleteAfter last Yr budget NS rallied 6 days and after hit your target which you awaited from pre-budget day.This time?.
Am i right bhai ?pl.
Possible Ramki - - There were exhuastion signs on friday more over the Rising wedge in Dow may break any time - - Amavasya near - - All Pointing to neagatives
DeleteNimesh bhai this is a bear market rally may go 20% from bottom, may go till 8250 where it will complete B(A done at 6825),and there after C which may complete all your targets
ReplyDeleteAjay Bhai - - Agreed but here 7535 - 7720 is a very huge area to get covered - - max i can look for 7880 - - and if 8250 comes - - It will be again the best short sell of the year :) Yes WW in place provided it closed above 7535 - 7540 - - we get 7720 - 7740
Deletethere is a + WW developing in weekly charts.
ReplyDeleteAjaibhai,Bear is sleeping after heavy pro-f(it)ood.Bulls freely tasting. Fight may start at 7555.
ReplyDeleteThanks @AjayBhai - - @Ramki - - Possible 7720 - 7740 as of now - - But I am considering this wave as A truncated one - - Any time we may start for 6650 Soon ---- Chart Attached
ReplyDeleteAbove all a HAnging man just at the Trendline resistance :)
ReplyDelete@Ajay Bhai - - @Ramki This is How I see
ReplyDeleteC wave from 8336
1 8336-7714
2 7714-7980
3.1 7980-7551
3.2 7551-7973
3.3 7973-6869
3.4 6869-7252
3.5 7252-6825
4 a 6825-7095=270
4 b 7095-6969
4 c 6969+270=7239+270=7509 +/- 40 points
1-3 = 1511
5 1511*62% = 937 = 6650
http://prntscr.com/ac783m
ReplyDeleteNimesh bhai in your wave count the retracement of wave 2(till 7980) is little confusing, but sometimes it happens that if wave 2 retrace near to 50% then wave 4 will retrace 61.8%(7980-6825) ie till 7538,lets see on tuesday.
ReplyDeleteAjay Bhai - - I am considering the wave 2 as Truncated one
Delete