hi anid,
wat r ur views abt tomorrow nifty level/market level, (red or green)
plz reply & guide us, since i hv nifty shorts, thanks to u since i hv made sm gud amount of money in nifty
Tum yaar nahi sudhroge
First of all congratulation on your profit
You know what, because of you and one more person following my thread (
Share of the year with Anid_007), I had withdrawn my call on Nifty yesterday. Mujhe dar tha ki aaplog pakka wo call follow karoge
And my analyst circle has a rule to advice purely on investment , not on margin trading or F & O.
It is good that wtever I have suggested on Nifty yesterday , came true. But it is not possible to predict movement of Nifty in a situation where:
1. Global cues supporting uptrend (today's closing level of Dow will decide a lot)
2. Domestic political pressure pushing the index down.
Now, I personally feel, by end of this coming Friday, we will have a lower Nifty than what we have today, even if some recovery occurs tomorrow. But I am not going to predict any range for Nifty.
All I can say tomorrow market will remain very very volatile for first 1 hour (and may for rest of the day). So if you are selling Nifty tomorrow in the morning (after allowing small uptrend of Nifty for first 3 minutes after market opens), don't wait for a gap up of 80-100 pt, square up once you get a gap of odd 15-25 pts.
I expect a morning uptrend, followed by some downtrend within first 30 minutes. Later the market may recover or plunge further.
If I might have been in your position, I would have sell Nifty once its goes up in morning trend, and square up in small downtrend within 10-50 to 11 am. If such a situation does not arise..stay away from F & O.
One Cue on Nifty : Short only if it goes below the level of 5025 or 5000.. It is a blind safe short