Again and again the targets achieved.
As expected trend reversal happened and can push the indices to 4510 level. At 4510 huge resistance is there if it crosses this then the next target would be around 4770. But, better to book profits at 4510 and wait for the opportunity if nifty reaches the higher levels like 4650/4700 level then go short on nifty again.
So, market outlook for this week: The target for nifty is T1:4475 T2:4512 at T2 book profits. If it sustains above this for couple days then we can assume that Bull Run from 3816 to 4620 will sustain till it stays above the 4110. Nifty’s 4214 level is exactly the half to the up move from 3816-4620 means we can have some technical bounce to 4450/4525. Hence, I recommend holding the long positions and book profits at 4512.
With thanks
Be and make
10 comments:
Thanks for your advice sir , can i buy one lot of minifty as t1 4475.
Sir why dont you put a total hits counter on your blog. It looks really cool.
Thanks sir
dear rajat - Thanks for your good words, markets are marching towards the Targets.
Advance cheers
Hit counter is there in my blog, you can watch it bottom of the site.
with thanks
be and make
I sold my minifty lot at 4516 my first ever futures trade earned me 4k.
The hit counter is at the bottom sir , why dont you place it sideways as everyone watches the top page for latest updates... Anyways its your wish doesnt matter much..
Thanks for all bang on trgts nifty levels.
dear rajat - All the best for the gains. This is the twenty second call which achieved the target, most importantly almost going with 96% success story.
But, i have not booked profits yesterday due to the pace it is running. I wish to hold for a while and watching the fundamental issues about the crude,US markets etc., after that i will square off my position.
I really surprised by markets pace, hence i holded it for a while and tommorow we may see a gap down opening.
with thanks
kalyan
Hmm gap down opening maybe when i come from school arpund 2:45 pm i have a chance to once again buy nifty futures , if you are holding nifty lots then there has to be a strong reason for it :)
dear rajat - I have been surprised by the crude movement, hence i wish to hold the nifty futures for a while only because of the short term up move testing the 4600 level.
with thanks
k a l y a n
Dear sir ,
Please post when you sell your nifty futures , as i am solely relying on you. As you update your blog every monday with weekly update , if in between you intend to sell your futures then please tell me too.
If you dont mind can i ask you a personal question
Q . Sir do you work any govt office or private co.
Thanks
dear rajat - Good morning, yes i am working in railways. Hence, i clearly mentioned that investing in stocks 'is still my hobby' only. Ok, i will definetly consider your request and try to post regularly.
with thanks
k a l y a n
Thanks sir , if you post regularly it would be of immnese help to me. I think we may see a gap down opening of 200-250 points.
Thanks a lot sir
Hii sir ,
What a slide for the mkts , all gains made by me in prev trade have been provisionally washed off. Bought 1 MINIFTy @ 4450 , what do you think is the road ahead for mkts. Also waitin for your weekly predictions.
Sir i have a Q ,
IF i buy a MINIFTY lot with oct exp this month can i square it off in sep if i like. Whats the disadvantage as i think this is a advantage as it gives me 2 month time to sq off transactions.
Post a Comment