The markets made a low of 4340 (Nifty Future) yesterday which almost met my target of 4300-4330. Most market participants had triggered their stop losses at 4350 and contrary to their thinking, we bought at those levels.....Now that, it has bounced from those levels, the progressing bullish wave will take the form of"W' and in all probablilty head towards 4950 by 7th September.
But the ride might not be an easy one with several resistances coming the pathway. But we will break all the resistances, one by one, during this upmove. The August expiry can be expected somewhere between 4570-4630 zone.
One suggestion:
Many people ask me "Should they buy call options"?
My answer to them is "Be careful. Options are a function of price and time. Smart money wont let you time the options and you will see your capital erode like anything. When you are completey sure of the movements, simply go long on the Nifty. Always remember, smartmoney write options.....
As of now, all movements are more or less going in a pattern as predicted. So lets continue to ride the wave. The major impact in global markets are expected to be around October. I will update everything in time. Please keep visitng the blog regularly so that you do not miss any important update.
Happy Trading !!!
[We are coming up with our premium call services in a few days' time. It will a host of features and special services. The website will be a completely new one but the name will remain the same. We are www.saptarshimandal.com]
But the ride might not be an easy one with several resistances coming the pathway. But we will break all the resistances, one by one, during this upmove. The August expiry can be expected somewhere between 4570-4630 zone.
One suggestion:
Many people ask me "Should they buy call options"?
My answer to them is "Be careful. Options are a function of price and time. Smart money wont let you time the options and you will see your capital erode like anything. When you are completey sure of the movements, simply go long on the Nifty. Always remember, smartmoney write options.....
As of now, all movements are more or less going in a pattern as predicted. So lets continue to ride the wave. The major impact in global markets are expected to be around October. I will update everything in time. Please keep visitng the blog regularly so that you do not miss any important update.
Happy Trading !!!
[We are coming up with our premium call services in a few days' time. It will a host of features and special services. The website will be a completely new one but the name will remain the same. We are www.saptarshimandal.com]
2 comments:
Great work.
m enjoying riding W wave...thanks ;)
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