I am posting a chart for nifty which has the channels in which NIFTY is travelling from 9119 since March 2015. Have also highlighted the key reversals from tops and bottoms for NIFTY within these channels, expecting the same to happen from 7730.
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Hi Abhishek...holding auro ITC and nifty short march series. Should I cover on Monday or hold till expiry. Pls advise.
ReplyDeleteSaharash: I have re-iterated multiple times that for stocks i have big targets and small stop losses....so whenever the stop loss hits for stocks please exit...if i am not wrong then for both stocks stops loss of 4 to 6 points have hit....that were given by me...if it is something that you have created positions on your own...then i need to have a view of price and time of your shorts...for all of them.
DeleteAbhishek...appreciate your reply. Have been following your views since december and am quite confident of your opinions. Seeking fresh views on both auto and ITC as am stuck since Feb last week. Pls share your thoughts.
ReplyDeleteAbhishek...appreciate your reply. Have been following your views since december and am quite confident of your opinions. Seeking fresh views on both auto and ITC as am stuck since Feb last week. Pls share your thoughts.
ReplyDeleteSaharsh: For AURO...the fall from 891-582 was WAVE A....WAVE B should end somewhere below 773...i think which it has...and WAVE C should go to 500.....ONLY IF YOU HAVE THE HOLDING CAPACITY for your short...then hold it for new 52 week low i.e., below 582 in April to May Timeframe.....For ITC i need to revisit the chart post that would let you know....
DeleteThanks Abhishek. Will hold auro as can't afford to book a huge loss. Also will await your view on ITC. Also nifty new low view still holds good,right? Hoping for the reversals from coming week....
ReplyDeleteThanks Abhishek. Will hold auro as can't afford to book a huge loss. Also will await your view on ITC. Also nifty new low view still holds good,right? Hoping for the reversals from coming week....
ReplyDeleteSir, I have BN April 14000 PE. Shall I hold?
ReplyDeleteBujji: Yes hold BN April 14000 PE.....what price you have and on which day you bought ?
DeleteSir, 61/-
Deletebujji: hold your BN APRIL 14000 PE
DeleteThanks
DeleteSir I am still holding BN 14000 PE. Are you still believe BN will touch new low in this month?
DeleteBujji: What i can recall is that you first posted this on 28th March 2016...that you have bought BANKNIFTY 14000 PE at 61/- but when i checked the historical data of BANKNIFTY 14000 PE on NSE website, i found out that the last time it trade on 61 was on 18th March.....?? is it such an old position....?? please confirm.
DeleteYes sir, it is old position. I bought after your analysis saying that BN will touch new low in April month.
DeleteYes sir, it is old position. I bought after your analysis saying that BN will touch new low in April month.
DeleteBujji: Ok...current price is 12.8...to get it to above 61 around 100 almost a 500 point fall in 2 consecutive sessions is required.....i think you should not loose your capital in this....but if we get say about 122 which is double of your buying rate then sell half the quantity...that ways you capital invested in this will be out and you can then wait for it to increase above 200 levels.....provided banknifty should be around 14400-14000 zone...within this expiry and as you know that only 11 trading sessions are left....because 3 holidays are there in next 2 weeks.
DeleteThank you
DeleteThank you
DeleteHi, if i am reading right the markets are showing stiff resistance here but the chances of touching red line which is 7800-7950 is also there...Am i understanding it right...This is only for education at my end
ReplyDeleteHi, if i am reading right the markets are showing stiff resistance here but the chances of touching red line which is 7800-7950 is also there...Am i understanding it right...This is only for education at my end
ReplyDeleteMadhavi: if you actually look at the channel then yes it looks that it would correct pattern...but this time the reversal is inevitable from 7714-7730 zone...NIFTY today made 7750 and i think highly likely it has reversed
DeleteSir wat could be d worst case scenario upside be in nifty n bn if at all it don't reverse from these levels
ReplyDelete