You must read previous articles and watch the given chart
carefully to understand this article completely.
For 04 June 2015: -
On 03 June 2015, FII Bought INR – 727.61 crs and DII Bought
INR 412.66 crs
Another crash on Dalal Street and it hit a low at 8094. I
booked my short on my expected levels itself. Chart patterns have destroyed all
hopes of any sustainable recovery. I took a long near the low of 8100 levels. I
am expecting some bounce due to sharp selloff.
For today’s trading session, I am expecting a flat start. Then
we can expect technical support at 8100-8080 levels if any further fall comes. I
have no idea how long this recovery can continue. I am waiting for such signal.
It is my anticipation that it can face a logical resistance at 8200 levels. Things
are not suitable for betting investment deal at these levels.
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Strategy for Nifty June future – I am long from near to 8100 lows
which I have forwarded for the day. I am expecting technical levels of 8200 or
nearby. Technical support will offered at 8100-8080 levels. We can think for
this recovery to sustain for opening or first half at least. Rest depends on
intraday development. I will plan to exit my long even if mild sell signal
emerges.
S&P 500 (USA) – It is expected same old movement. Technically
this choppy move may be the part of topping formation. I do not think that we
can see decisive trading opportunity here. My waiting is longer than expected
for a strong short signal. I have no problem; I will wait with my patience. I retain
my view that a big crash is close. A possible crash can signal as big as
1900-1800 levels.
