There can be may reasons given out for the fall yesterday, Guys, we expected 100 points relief to downside on wednesday & whatever form it comes, thats fine. But what's important is the candle formation on week, kind of indecisive one between , potential shooting star, that's fine bcos candle formations doesn't confirm reversals 100%. May be we will be running without any direction between this 9300's to 9500's zone, if lucky we may get that Head & shoulder's pattern over next 2-3 trading days. If everything happens as expected We are right about Nifty.
Everything fine till now, what if any of those didn't happen ? What if our predictions are wrong ? Ha ha nothing will happen, it just means Markets intended to do something else better than our prediction & I'm wrong in My analysis, Not We :) & When I'm so wrong, it makes people so happy & elated & they start early weekend celebrations. If failure of My Charts makes people happy, oh yes... I will chart & keep them happy always :)
Happy Friday , Let's have early weekend :)
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About Time correction point, its too early to comment now in My opinion
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If 9400's zone taken out, Bears for 2-3 days ? Lets watch...
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That's little congested Head n shoulders & Hope you guys are making money :)
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On the Zone, On the Line, Can we ask for More ?? Dear Nifty, Thanks for Your Blessings, I love you !
just to track Market sentiment:
. guys talking about, Nifty upside being "liquidity based" and not "earning growth" based,
. big correction if liquidity squeeze comes in to play, and,
. on other side other markets falling is yet another gain for Nifty on upside, till growth some what catches up to liquidity being pumped in by Mutual Funds.
. the Q4 results announced so far, on an average are excellent compared to amount of pessimism being pumped in (barring NPA's being camouflaged by private sector banks).
however, we surf on the wave, which ever beach direction it flows.
InsiderB
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@rajesh2467, You better join research firm , great write up !
rajesh2467
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@InsiderB, :)
Sir, thnx for appreciation and motivations.
sandy
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KINDLY CORRECT THATS DELTA NEUTRAL OTM CALL
InsiderB
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@sandy, Dear Sandy, for your kind info, All keeps means Shouting, is that your intention ?
@sandy, Cool, thats very detailed explanation on how to plan our option positions...
sandy
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@InsiderB, as i shared my views that mkt is in the mood to fall .keep ur eye on june seies and and first week of july.market should do something unexpected.
sandy
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@InsiderB, kindly try to get view from fii data also
. guys talking about, Nifty upside being "liquidity based" and not "earning growth" based,
. big correction if liquidity squeeze comes in to play, and,
. on other side other markets falling is yet another gain for Nifty on upside, till growth some what catches up to liquidity being pumped in by Mutual Funds.
. the Q4 results announced so far, on an average are excellent compared to amount of pessimism being pumped in (barring NPA's being camouflaged by private sector banks).
however, we surf on the wave, which ever beach direction it flows.