hi friends,
comments to earlier section are replied.
Seems like resistances are breached.But dont worry as i said dont press the panic button.If markets keep on acting like we want then i dont think anyone would had bothered to work at all.
As i said trade setup is about to complete.Wait Right people are busy accumulating Puts or creating shorts.
Any major fall starts immediately after a break of resistance which is false one.
I am not bothered as i am believing in my setup based on charts.I am averaging out my price by doing more additions as markets climbs above.Even if markets does some time pass I dont worry as averaging out keeps be in fall when it starts anytime soon.
How soon cant be said but as i said markets challenging monthly resistances in falls happens rarely.Most winners in markets cash on that idea.
Have patience add some more position.What has happened is that Weekly chart is completing its rise.People should realize that nifty has already made lot of action and if trend is slowing down then falls may not be deeper.But a appropriate Buy at rite price can surely win you money.
Lets see wait and watch.
Hi WB,
ReplyDeleteI already loaded 4800 and 4900 puts in huge quantities. But upset on seeing FII buying of Index futures to the tune of 1000 crores yesterday 17th January.
Suppose if they close the month at 5100, even the fall if it comes also cannot give us profit.
or in other words, what is the target in nifty we are looking in February?
Thanks for sharing the nifty options trading strategies it really help me alot while making the current nifty option trading strategy
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