hi,
Hope most of you have smoothly adapted to name change of the blog.
Now As i said to sum up ,I did a major mistake which was that Weekly was rising continuously but I should had let weekly complete its rally to open up the shorts but nevertheless it was a learning Last time in a same situation i had exited with the fall but this time weekly also didn't took any pauses and which caused problems.
Now most important for 5100 call writers like me .Be ready to exit if we get a extreme rise to 5220 plus.
As i said indicators have stayed in super oversold levels and now its matter of time to get some corrections but this time no mistaking even if we get a fall Monthly has reached a point where we may start seeing a major reversal and get back to rise like situation.so lets see.
VIX support is at 20 rs and last time also we got a bounce from 20 and bounce on vix means nifty is gonna fall.
Rite now 4700,4800 put buyers like me you have to wait i dont think you wud loose any money on this trade.
Lets see first target is closing below 5100 and below
today nifty closed below 5100...what next target?
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