Pls read the weekly prediction posted last Friday when market was about to close .
And market is yet to open in another 9 hours and so there is no dominant global clue about likley direction of Indian markets on Monday. Because of greater reliability of Day Predictions it over-rules Weekly prediction when in conflict
Our Tarot Card Model Indicates: Mixed Choppy Trading: If Market opens positive which It may, it will soon correct and hence short on positive opening of more than 100 points on sensex.
2nd Phase: after a gap down opening or correction in morning, markets likely to recover and peak for the day by mid day or around that time. However deeper slide awaits in late afternoon.Market may close well above day's lowest point: Overall an indecisive choppy day. The othe rpossibility is a day chart which is almost flat throughout the day. Call Options can be purchased very early during trading session after markets corrects 150-200 points from mornins' highest point . USe Tralining Stop Loss of 25 Points to buy Call options after market has slid 125 points from morning highs ( Unless global cues in morning indicate deeper correction)
usual disclaimer applies: Predominant drawback of our day ( or weekly) Predictive Model is extent of Fall or Rise in Mian Index- we take into account extent and quality of external factors to determine extent of possible upward or downward movement. Our Model Predicts Volatility, Significant Upward or downward Movement and approximate timing of such movements
Showing posts with label bull market or bear market. Show all posts
Showing posts with label bull market or bear market. Show all posts
Monday, September 20, 2010
Friday, September 17, 2010
Bullish phase or Strong Correction in Indian stock Markets: September 20-24, 2010
should you hold long trading position or go short next week?
Our Tarot card model indicates prediction of preceding week will be repeated. Market will hit new high in early part of week but may not be able to hold on and stronger indication of Correction in mid week ( Tuesday-Wednesday. markets will however recover from correction and may reach new peaks end of the week.
1. Hold long position till at most Tuesday. If Monday start with correction add long position
2. exit on Monday itself if gain is phenomenal during the day
3. Buy Puts/short index if gains are there during day on Tuesday and wait till Wednesday for correction- which could stretch till Thursday. On Thursday-Friday Long calls can be added during corrections.
Volatility/choppiness will be more: Risk: also markets may be range bound and may not show exuberance of this week except on Monday-Tuesday
disclaimer: pls read disclaimer of previous weekly prediction
Our Tarot card model indicates prediction of preceding week will be repeated. Market will hit new high in early part of week but may not be able to hold on and stronger indication of Correction in mid week ( Tuesday-Wednesday. markets will however recover from correction and may reach new peaks end of the week.
1. Hold long position till at most Tuesday. If Monday start with correction add long position
2. exit on Monday itself if gain is phenomenal during the day
3. Buy Puts/short index if gains are there during day on Tuesday and wait till Wednesday for correction- which could stretch till Thursday. On Thursday-Friday Long calls can be added during corrections.
Volatility/choppiness will be more: Risk: also markets may be range bound and may not show exuberance of this week except on Monday-Tuesday
disclaimer: pls read disclaimer of previous weekly prediction
Indian stock market prediction- September 17 2010
nifty index up 54 points after 30 mts of trade
Outlook today market may move higher before a significant temporary correction. Sensex and nifty may hit day' low between 130 -230 pm before recovering
Strategy ; hold long position with trailing stop loss of 15 nifty points buy put options when long position exit point is triggered nifty may not go beyond 70 points
In afternoon buy call options if nifty hits 0-10 use tsl of 10 point
usual disclaimer applies
Next week will it be bull run or strong correction? Watch this Prediction
Wi
Outlook today market may move higher before a significant temporary correction. Sensex and nifty may hit day' low between 130 -230 pm before recovering
Strategy ; hold long position with trailing stop loss of 15 nifty points buy put options when long position exit point is triggered nifty may not go beyond 70 points
In afternoon buy call options if nifty hits 0-10 use tsl of 10 point
usual disclaimer applies
Next week will it be bull run or strong correction? Watch this Prediction
Wi
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