Nifty has broken the 200 Day EMA and from the chart it feels that the Nifty is going into a bearish trading pattern with a bottom at 4900 till Aug 2013 but no further than that. If I have got the elliot wave pattern right then we are in a correctional Wave 4(zig-zag). This correction will be slow in nature and after August I am expecting the market to start it's 5th wave and it is going to take the market beyond the 7000 mark. Expect it to be slow and steady rise. Fundamentally keep an eye on fiscal deficit news.
Option trading strategies that i hope will work.
- Thread starter detrich
- Start date
Did not see the Gold going down so quickly.
. What it would mean to us i.e. guys intrested in the equity trading is the FII flows will increase. This artificial bubble of inflation will to be honest slow down. It will increase the profitability of the capital goods sector and cash intensive industries. This sector provides the real boost to the economy and effects are long term. So see a happy long term investment. I have started charting the OMC's and metal companies. I just hope the oil and gold go down atleast 10-20% from here. It will, I repeat, bring money in secondary markets and oil will stop the inflation. Feeling good after a long time about the financial markets.
. What it would mean to us i.e. guys intrested in the equity trading is the FII flows will increase. This artificial bubble of inflation will to be honest slow down. It will increase the profitability of the capital goods sector and cash intensive industries. This sector provides the real boost to the economy and effects are long term. So see a happy long term investment. I have started charting the OMC's and metal companies. I just hope the oil and gold go down atleast 10-20% from here. It will, I repeat, bring money in secondary markets and oil will stop the inflation. Feeling good after a long time about the financial markets.Dear Tarek,
you are right 80% of the options contracts expire worthless. But this series as you can see that due to the unforseen fundamental factors the market has reached unprecedented high's. I am currently caught in a whipsaw it seems. I was not expecting the market to go beyond the 5700-5750 till MAY. I had sold the 5700 CE Nifty on 9th @120 but the market has given an adverse trend and the Option is currently priced @ 191. But what I feel is the strength of the trend needs to be ascertained first. First the market had formed a downward channel when i had first charted it and with market in Wave-4 I was thinking there would not be too much movement. But market has funny ways of proving one wrong. But still I am not worried till 5850 after which I will have very good reason to worry. I think Nifty is going to go into the trading mode in intermediate term.( 3-6 months).
you are right 80% of the options contracts expire worthless. But this series as you can see that due to the unforseen fundamental factors the market has reached unprecedented high's. I am currently caught in a whipsaw it seems. I was not expecting the market to go beyond the 5700-5750 till MAY. I had sold the 5700 CE Nifty on 9th @120 but the market has given an adverse trend and the Option is currently priced @ 191. But what I feel is the strength of the trend needs to be ascertained first. First the market had formed a downward channel when i had first charted it and with market in Wave-4 I was thinking there would not be too much movement. But market has funny ways of proving one wrong. But still I am not worried till 5850 after which I will have very good reason to worry. I think Nifty is going to go into the trading mode in intermediate term.( 3-6 months).
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