bangalorean

Nifty Short

Short
NSE:NIFTY   Nifty 50 Index
Jack and Jill Went up the hill
To fetch a pail of water.
Jack fell down And broke his crown
And Jill came tumbling after.
Trade closed: stop reached

Comments

Jack and Jill Went up the hill
To fetch a pail of water.
Jack fell down And broke his crown
And Jill came tumbling after.
????
Reply
bangalorean kacharts
@kacharts, after that I forgot ;)
+1 Reply
You have 2 charts for nifty. One short and one long. Which side are you in? Cheers
Reply
Trading-wise Trading-wise
@Trading-wise, oh that's an option sell idea missed it. Cheers
Reply
bangalorean Trading-wise
@Trading-wise, my upside upside tg 11250 downside 8800
+1 Reply
We can always adjust the trend lines.
Reply
bangalorean French_Fries
@French_Fries, yes we can 4 touch pts, Nifty PE 27+(trail), PB 3.7+(trail), do you think it is a sustainable valuation? Now Nifty EPS ~ 404, if we can expect nifty 50's eps growth 12%(in contracting economic condition), next yr the EPS will come 453, so NIfty PE at present rate 24+, its still on an oversold zone, and if you think 11700 then PE 25+, think nifty can't stay in between 11700-11000 in a year, either it will go for a time base correction or a price base correction, always remember that time base correction is not possible here as the value is too overstretch, so this would be more expensive than the price correction, so not to worry just short and enjoy the downside ride, always remember no political magic can sustain or uplift from 10250, people will trap then it will start correcting.
+1 Reply
French_Fries bangalorean
@bangalorean, sure.
Reply
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