Merry Christmas to all my blogmates,
Santa has already blessed me with nice trades and with profits and hope you also be blessed more with coming year .Happy Christmas ,year end to you all.
Now we enter the last week of the year,last expiry of the year,At start of this year we were at 6157 after that it was a total short year,Just every month short the rises.Now going ahead in coming year its gonna be 50-50% year.Its a year which is gonna be dominated by Nostradamus events,I had said in one of my last post.Its gonna be pretty volatile year.
Now why i say i need to be Hundred percent sure of trade i enter becos if u r entering say in rs 3000,5000,10000,25000 its ok but if u are gonna shift ur account to more than that big time,you cannot be on sidelines all the time but at the same times you cannot have the question of IF in mind at any cost.Taking SL on capital of 1 lakh entered is not a joke.
So as i enter in big quantities i feel the need to on safe sides so I keep on sayin that I prefer writing faar calls or puts as the situation may be.
But there are many people visiting site who are buyers and need to enter and cant wait all the time.So if u want to enter the trades here on Use pivots now .Nifty on Daily shows signs of some rise but at the same time we need to keep in mind how long you are gonna hold.So use charts to get out if you have doubled or tripled.
So if week pivot is broken you can enter in huge quantities as a signal trend is changing.
Monthly pivot break is a super bullish signal.
So what u can do is use day pivot to enter calls and puts and the same as stop loss and try it.I am trying to come up with mechanism so that i can be on during the enter time of trading activity.But rite now its not possible.
Lets see ,rite now as i had said 4700 above close on monthly basis will be needed by bulls to start something bullish.News flow will be of great impact in coming times.Any bad signs in Europe will bring pain.And getting stuck on bad side is more painful.
In mean time i will post the trade even if i feel they are risky and u can take ur judgmental call.
One favour i always expect from you people.Please post my blog link on ur social network ,ur forums where u are members or share with ur family members.
your comments are replied in earlier posts.If not ask in any new threads.
your comments are replied in earlier posts.If not ask in any new threads.
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