Nifty is racing towards 9000-9100. It is only a formality now but before this there are a couple of intermediate targets. 8810 & 8900 are only pit stops where Nifty will rest/refuel itself for further upmove. All dips should be bought and don't short.
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Some profit booking at the above mentioned target zone 8810-20 but 8740-50 is a support and should hold.
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As mentioned yesterday, support at 8740-50, just made a low of 8741. Nifty closed the gap from 8740 to 8791. Bought at 8745. Enjoy
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Buy Nifty around 8745 with only 15 points SL for immediate tgt of 8810
Trade closed: stop reached
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Now wait for a couple of days to see if Nifty closes below 8720 then 8550 is possible. Buy there.
@neneram, there is no method to determine time frame to achieve targets in the stock market. Those who claim to know are making fool of themselves. some people use Fibonacci time zones if they happen to be right at times then it is mere coincidence but not high degree of accuracy.
neneram
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@Boult2100,
Finally in market everything is probabilistic and nothing is like sure shot rt ?
so there might be the method bcas FII are call / put writers and they might have idea of targets in particular time frame (probabilistic approach),
which means there is something missing at our end or we are not trying hard to know abt it , what say ?
Boult2100
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@neneram, FII's have different motivations to take positions in Options such as profiting from covered call writing, hedging ahead of important events, long or short volatility, arbitrage based on put call parity, portfolio balancing, speculative positions based on technical levels etc. You may read derivatives & Equity section of CFA Level 3 to understand some of these strategies in detail. Explosive moves near expiry happens due to impact cost minimization by large institutional players, their decisions are largely based on fundamentals and bit of technicals. So FII's or large institutions don't have anything regarding time frames.