Profitz Unlimited
We had almost reached an end to this Bull run and from here Bears will rule the markets. Today we have Muhurat Trading for one hour which is consider sentimental move going forward. We had almost 100% raise from the last Muhurat trade and most part of this run can be called a manipulated one. But trend is our friend, so we shall make a friendly move.
Up to me the Bull run will end around 5200 level. From there i expect a correction of 7 to 10% in Nifty and in this financial will get hit most. For Bank Nifty index i expect a correction of around 15% from here on.
It may be hard to believe, but possibility is not ruled out. A few day's back given a buy call on Nifty with a target of 5166 on spot Nifty, which is almost achieved today. So traders who can maintain a stop loss of 75 points / lot in Nifty can enter in this.
And the Jackpot call is Short Nifty at high's (as far as possible) by keeping a very very strict stoploss @ 5244 and aim for a positional target of 4756. The first indication of fall will be the break down of 5049 and enter truck load of short's once 4920 is broken. The immediate next stop will be 4756.
For Bank Nifty 9666 will be the china wall and this index will get hit most... Panic selling on cards and 8800 level is quite easily possible in a day or two.
Take short positions on 6:10 PM if Muhurat trade opens negative else take position at 7:00 PM. But remember short, short , short on every raise.
Nifty spot levels for the coming week :
Up to me the Bull run will end around 5200 level. From there i expect a correction of 7 to 10% in Nifty and in this financial will get hit most. For Bank Nifty index i expect a correction of around 15% from here on.
It may be hard to believe, but possibility is not ruled out. A few day's back given a buy call on Nifty with a target of 5166 on spot Nifty, which is almost achieved today. So traders who can maintain a stop loss of 75 points / lot in Nifty can enter in this.
And the Jackpot call is Short Nifty at high's (as far as possible) by keeping a very very strict stoploss @ 5244 and aim for a positional target of 4756. The first indication of fall will be the break down of 5049 and enter truck load of short's once 4920 is broken. The immediate next stop will be 4756.
For Bank Nifty 9666 will be the china wall and this index will get hit most... Panic selling on cards and 8800 level is quite easily possible in a day or two.
Take short positions on 6:10 PM if Muhurat trade opens negative else take position at 7:00 PM. But remember short, short , short on every raise.
Nifty spot levels for the coming week :
5244 - 5166 - 5049 - 4920 - 4756 - 4661.
(Note the above given levels in this article is all Nifty spot levels)
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