Re: 1 lakh to 652 lakhs in 497 trading days - Winning 20% of Trade in NIFTY Futures -
I hv noticed that after giving a pullback, like it did today, price often touches the High of the series once before changing trend. High of the series is 6038 Spot. So, I won't be surprised if that is on NF's agenda this week.
Marker makers use all possible tricks to get weak hands into the game.
I think it is genuine correction because of the bouncer at 6000CE - (But 100+ points is due to the RBI bouncer). From my calculation of the Premium using the Options data (not the difference between Spot and Futures) it is around -65. So it is a Heavily SOLD market.... So we might see some bounce back in the afternoon or tomorrow. The CHG in PE would be the indicator. Now it is at -20L. If it goes to positive then we might surely see a bounce. So have to watch on the PE CHG in OI...
Marker makers use all possible tricks to get weak hands into the game.