You must read previous articles and
watch the given chart carefully to understand this article completely.
For 24 August 2015: -
On 21 August 2015, FII Sold INR – 5275.40
crs and DII Bought INR 4097.83 crs
If stock market falls then never
give a long that “this is enough” and never makes this as a base idea for
trading long. How may has trapped yesterday at 8000? How may has trapped
yesterday at 7940? How may has trapped yesterday at 7900?
We had BLACK THURSDAY then a BLACK
FRIDAY and then a BLACK MONDAY too. The pain is not over yet. This market will
end up falling after a massive margin sell-off. Eventually wave theory has a
target at 7500-7400 levels. The range for stability may be much lower than this
value too. If I have to invest my money then I will wait for much bigger dip. Remember,
this is just the beginning. I STRONGLY WARN FOR THIS DIP IN RECENT FEW DAYS. We
constantly traded short for whole August month series.
I am reducing my worst case target
for fall. It can fall in the range of 7600-7400 levels of Nifty. Can RBI come
to help? Well, let them do if they want. It can help a little but it cannot
help much in long run.
Pahle ye tou soch lo ki Vyad dar
ghatana hai ya pyaj dar !!!!
For today’s trading session, I am
expecting a approach towards 7500-7600 levels. 101%, only volatility will be
last winner. You cannot predict Volatility & price together with greater
accuracy. As volatility can be high so price accuracy may be less.
Well, Mr. Prime Minister, have look
on equation of INR vs USD. Do controls before things go out of hand? The blind
assurance cannot help for longer run. As per economy is concern, I fail to see
any great chance with a change in power at centre. Situation is really
alarming. Even a small rise in crude oil price will result rupee hitting 70.
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Strategy for Nifty August future – I was expecting 8100 but it gave
7800 levels too. If one remembers, I have given 7800 as target for August month.
I was not expecting this kind of furious dip. I still do not see any reason to
trade on long side. If I am right I have reasons to expect 7500-7400 before
expiry. It means in just two-three sessions, if it has to come.
S&P 500 (USA) – We got a low at 1834. Well, so this is just the
beginning of long term correction. Just think that this it is down by 300
points from the all-time high. Even if recovery comes then also I can say the
correction will continue. I am not in the position of give target for
correction but we can expect a relief resistance at 1950. I do not think that I
should try to analyse shock wave.
