You must read previous articles and
watch the given chart carefully to understand this article completely.
For 10 September 2015: -
On 09 September 2015, FII Sold INR –
452.13 Crs and DII Bought INR 1194.58 Crs
I got my target at 7840 and being a disciplined
trader I took my profit. It gave good money when traders were under panic mode
and shorting market. Now near at 7840, we go long at 7600 put from 73 levels. I
like to see where I can book this today. I am expecting something good.
We got two day of rally and today
will be third day from 7540 low point of Nifty. If this market is bearish then
we get 8th day reversal on fall but for rise reversal may come
either on 3rd day or on 5th day. As of now it looks like
we are getting reversal on 3rd day.
For today’s trading session, we are going
to see another gap opening but this time it will be in favour of bears. One should
expect support to emerge at 7700. If this support violate then we can expect
panic mode to return. I am expecting some choppy sessions before fed minutes on
18th September 2015.
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Strategy for Nifty September future – I booked 175 points on
profit on my long trades then added 7600 put. If a thing goes in our favour we
can expect this doubling. Well, as it can be gap down after a gap up then this
pattern can again generate a sell. If this sells go wild. Yes it may but I may
not be greedy to wait to book profit on put.
S&P 500 (USA) – I was expecting a resistance to emerge around 1990.
Check the high for last trading session. It is on dot at 1988 and then a fall. What
a fall was this? It fell from 1988 to straight at 1942. Those who were brave enough
to short have got a great return. Technically, it can come around 1920 to 1900
levels. Take a note that charts are showing for 1474-1500 as target for medium
to long term.
