Recent content by shakeel ahmed

This month's expiry is likely to be near 8500.

Above or near 28000/sensex,buying is very risky.Later/sooner a selling pressure is to come.Wait 5-10% decline for fresh buying.Avoid option trading.

Now,Sensex is hoavering near 28000.A book profit at higher level is likely to come.

Sensex is soon to touch 28000.

Nifty is retreating from 7900 plus towards downward.In its downward journey,it has made B,equals to 160% of its A( in NEO-time scale).And it is tilting towards C.It is likely it will make expanding triangle.Hedging of portfolio up to 7400/7500 level is good.

Nifty is now above 7900.It's a supply zone.Close all long positions or buy some protective put options for original portfolio.

Nifty 7738 is near strong supply zone.

Now,one should book profit near 7700 and wait for opportunity.

Nifty is in the full bull grip now.It will climb up more 300/400 points in nifty.Now it is at near 7500.

This panic situation may continue for some more time.

Close all shorts.

After a minor bounce,more pain in correction may be seen.

Close all shorts.

Will mkt be able to cross 7600 by this Friday?

Below 7400,stop long & shorting opportunities in weak stocks may be done.