Hi friends,
Dont worry I admit that we missed this fall but nothing to worry.Like I told last time was true that there is no support for markets anywhere till 4700.
we are gonna fall again in coming days but i am not at all entering this fall unless some really good confirmations come up.
Strategy:-Hold ur calls they are potentially gonna be need to be taken as stop loss but we will look at action in near futures.Still 20th December is the deadline.
I was in this fall through 5200 call write.I have covered it at 11 bucks today.
Major culprit of this fall was reliance.
Dont try to catch that left over fall.
Major reason I was bluffed by markets becos indicators i refer reversed from middle only.
Again lets see price action and i will tell u what to do if we are heading to 4700 and what is picture after that.
Still as i entering in short quantities has payed off.
Shrug off this feeling of being left out the fall.
Lets wait and watch
Is it bearish market?What nifty leval would you predict.
ReplyDeleteThanks.
Hello WB Ji,
ReplyDeleteCommenting after a delay. I was outstation for few days. Again very good analysis and you already caught the fall. We shall all waiting for your next move.
May God Bless all of us,
Jugal,
ReplyDeleteNifty has been trading below 200 dma for a long time now. That alone makes this a bear market.
However, I do not think this is going to be
like that of 2008. This is more or less going
to be a long grinding one. Only nimble traders
will make money.
Even I never expected nifty to reverse from 5100. The market deceived us all in a big way.