hi but u said it will cross 5500 for sure in july only now u r saying something really opposite of this what can we expect now i m stuck i hv 5500 calls @ avg of rs 35
Dear KumarGuru, Refer your chart for first major swing in this bull run U turn level @ 5441. PE start=2539.45, PE end=4693.20. Pl explain how you arrived at 5441.45 ie 70.7%.
All the content mentioned in this blog is my personal journal and should not be taken as a trading advice. Please use the content purely for learning purposes. I may or may not be holding any positions in the stocks/contracts under discussion. I will not be responsible for your profits or losses
hi
ReplyDeletebut u said it will cross 5500 for sure in july only
now u r saying something really opposite of this
what can we expect now
i m stuck i hv 5500 calls @ avg of rs 35
When 5500CE is @ 10, i told you we will reach 38 (your old level)
ReplyDelete5500 CE has reached 46 on Wednesday.
In just NIFTY,
I have mentioned to square off your LONGS @ 5425 level (when Bank NIFTY hit the resistance level) & 5500CE @ 42-44
I feel till 23rd we won't fall very badly & won't close above 5500 level. RANGE could be 5350-5500.
There may may one last UP move, where you can exit your position ie around 25-35
AS WE HAVE HUGE Open-interest on 5500CE (strong resistance), i prefer don't take any position on 5500CE (it would be a high risk game)
max it can go upto what level on upside
ReplyDeleteand when should i square off my longs and when shld i initiate new shorts bcoz i need to cover my loss
in first 2 min nifty futures were sold at very huge volumes
ReplyDeletewhat does it mean
join us at yahoo - moneybagresearch
ReplyDeletejoin us at yahoo - moneybagresearch
ReplyDeleteget live charts of commodities internation and indian markets at www.moneybaghunt.com
ReplyDeleteDear KumarGuru,
ReplyDeleteRefer your chart for first major swing in this bull run U turn level @ 5441.
PE start=2539.45, PE end=4693.20.
Pl explain how you arrived at 5441.45 ie 70.7%.
thanks
Anil
Arc
ReplyDeleteAs mentioned your PE start & PE end are correct.
For BULL's level we need to consider correction of the UP move, correction @ 3918.75
70.7% swing level comes @ 5441.45 (3918.75 + (4693.2 - 2539.45) * .707)
join us : money.rainer@yahoo.in
ReplyDelete