Option trading,Fund activity,Fear guage index etc.

[shakeel ahmed]

Close all shorts.

 

[shakeel ahmed]

This panic situation may continue for some more time.

 

[shakeel ahmed]

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

 

[shakeel ahmed]

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

 

[shakeel ahmed]

Nifty 7738 is near strong supply zone.

 

[shakeel ahmed]

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

 

[shakeel ahmed]

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.

 

[shakeel ahmed]

Sensex is soon to touch 28000.

 

[shakeel ahmed]

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

 

[shakeel ahmed]

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.

 

[shakeel ahmed]

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