hi friends,
Things look worrisome at one time but don't worry.The main problem as i said is weekly completing its rise.But at the same time daily is reaching extreme ends.It is already in very super overbot state.I kept on averaging as the markets rose.
As i said we may have to wait till Jan end also to confirm get a fall.
Till then lets see how long this rise lasts.
Acc to my logic last top of 5099 will not be taken out.
"Foreign institutional investors bought shares worth Rs 961.30 crore on Wednesday, which means that they have pumped in more than 5000 crores from the beginning of this year. Right now we expect the market to gain momentum which could help the Bank Nifty to touch 9350 while Nifty may run up to 5150!" - Babuji from WealtBull.
ReplyDeleteSo be cautious with your PUT averaging, especially you told you bought very huge quantity on 3-4 days back. So they almost halved in price.
WB Ji, it is never good to average loosing trade! - IMHO.
May God Bless all of us,
Warm Regards,
Bulan
@Bulan:- yes friend i am really really on tight position.Lets see whether markets fool me or my theory wins again.
ReplyDeletebye tc