NIFTY 50 future TRENDS

Status
Not open for further replies.

shinchan

Well-Known Member
Here is the NS chart from Aug. to oct.2008.

There was no Raksha bandha rally.




I'm one of the millions who lost almost everything in less than 2 seconds.. I was heavily short on Nifty. Had only 1 lot call of 4500 june at 12 rs which gave 250 premium and was last money I had left and almost 25 lots of puts of May and June series from 3300 to 3800 levels bought at 50-170, all covered at 0.5 to 1-1.20. From time of Satyam to US slowdown to bad bank results, everything was going bad for market until that 18th of May came and ruined all dreams in few seconds.. Lost over 2 lacs in just few seconds and made mere 12500 on call. I'm happy I'm still not getting courage to write options. Otherwise I would had become bankrupt.

Coming back to current market when everyone in market is so bearish and when RBI's rate hike looks to end, inflation to come down which happens during every Rakhashabandha/Ganesh Chaturthi and since past taught me lesson that market always give shocks, I'm one for 5500 before expiry. Planning to buy some SBI and Reliance calls at dirt cheap price on tuesday (with hope tomorrow will be bloodbath and tuesday will be aftershocks of Dow and world market). I feel market may touch 5000 and bounce back and bounce way fast. For how long, not my guess.
 

Attachments

2021

Active Member
Here is the NS chart from Aug. to oct.2008.

There was no Raksha bandha rally.
I did not say a rally. I said inflation comes down during end of saawan in hindu calendar as by than the mansoon progress, progress of crop of wheat is known and in past 10 years luckily both have been positive therefore inflation comes downdrastically leading to marker rise till diwali when crops comes to godown and monsoon departs. It's a sign of how next 6 months of Indian ecomony will move ahead. Today itself inflation rose 20% but all experts say from next week inflation is going north. Lets see. Picture will be clear for atleast till diwali by next week when tomorrow iip data will come on saturday rain progress data will come which was 14% better last week and next week RBI will tell hike in rates is cooling down or not. So this time of every month is make or break.
 
Status
Not open for further replies.

Similar threads