Above 4298 next resistance for Nifty is at 4758 odd levels. Market was furious Today although vols were missing.
I believe we have two kind of visible fools as of now. First category is of people who bought puts( and Not straddles) in the beginning of the month and exited before the event. The second who are holding the same since the beginning of the session on the recommendations of their brokers and are still holding the same expecting a Black day.... The first category is of people who are self acclaimed fools and who will boast of the timing in their exits. The reason i call the category of people as fools is that exiting options a month before the event whose outcome is unknown and exiting before the event is nothing but foolishness.
The premium before the event was abnormal I had mentioned the same before but believe me in my wildest thought i didnt expect this upmove.This is unprecedented and charts are not giving me any leadaway other then resistance level of 4758. Its more then 350 points then todays close. One needs to watch the flushout of bears from the trading system.As of now the news not reported in the mainstream media is the margin pressure in brokerage firms due to the unprecedented rise in the markets.
TSR INTRA FUTS PROFITS IN LAST WEEK 93815/= IN 1 LOT
REFER http://www.future-friend.blogspot.com/
TSR INTRA NIFTY PROFITS IN LAST WEEK 11150/= IN 1 LOT (223POINTS CAPTURED)
REFER http://www.tsrnifty.blogspot.com/
TSR OPTIONS PLAN PROFITS CAPTURED IN LAST 10 DAYS3950 /= IN 1 LOT
REFER http://www.tsroption.blogspot.com/
TSR WEEKLY CALLS PROFITS CAPTURED IN LAST WEEK 35000/= IN 1 LOT
REFER http://premiumcalls.blogspot.com/
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1 comments:
Yes! Most of our people are losing their hard earned money by trading with out proper guidance! Great blog for those interested on Nifty and Indian stock market.
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