I am just Posting this because one Persona who was Continually asking me to Post for BNF form past 1 Month on smaller time frame
He said he lost money trading all the calls from so called Gurus , He is looking an for small recovery relief from his current loss ( Around 7 Laces he said so far )
he was asking so badly i finally decided to post it for everyone ,
This is my forecast on ongoing trend , What i mean is the trend is still strong and have not showed any sign of weakness , but it dose not mean it will not correct
it can have correction of price with in it , and i am looking the pattern will high likely develop in this manner
Will it develop exactly i like this ? i have no idea , but its one of the best suitable pattern i can assure you now
Will you make money trading in Options ? I have no idea but if you know how to book your loss using exit method when wrong i hope you will not lose extremely in your current capital
Go for Monthly Contracts in case you want to trade in Options Not on weekly Contract , Which month ? please dont ask have your own logic for it
Monthly contracts will give you pull back and most of the time you will get a chance to get out at cost or some profits
@ShreeKrishna As always,Nice idea, Sir.Still scratching my head for entry point as market might or might not correct :) . Do you feel Nifty will follow the same trend or nifty is likely to decouple from Bank nifty in near future? Thank you.