You must read previous articles and
watch the given chart carefully to understand this article completely.
For 11 September 2015: -
On 10 September 2015, FII Sold INR –
121.19 Crs and DII Bought INR 66.60 Crs
For yesterday I was expecting a fall
and we got that. Good part was that it has not broken the low which it has
tested on 25th August, i.e. 7667. Eventually it has moved higher to
name it has “U” turn. I exploited both moves using options. I strongly suggest
that traders need to be very cautious from unwanted outcome for bulls. Patterns
may looks for recovery but betrayal for bulls will be a possibility on every
rise.
Time is on and clock is ticking for
the possible big dip. This kind of trading pattern used to come once in eight
years. On broader view, Nifty is just making attempt to test to n-line again. Technically,
failure of this will cause a dip towards 6500 levels. Remember, I am talking
about big 1300-1400 points of wash out. Although, I used to trade long for
trading then also, I cannot hide this fact.
For today’s trading session, we are going
to see a silent opening. We will again see ample resistance to emerge at higher
levels in the range of 7850. Above 7850 it may give some relief to bulls but
that will again be the sign of caution. At some suitable points I will add
short.
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Strategy for Nifty September future – We took a long on Nifty
7900 call from 73 levels which has already closed at 120 levels. Now, I may opt
to book profit on this trade and I may go on side wise mode rather than going
to fresh long. Higher chance is that it will see betrayal at higher levels
again. Do not stand with long on weekend.
S&P 500 (USA) – Well, I consider these moves as small attempt to
save market by bulls. After few months people would regret why not they have
shorted in the zone of 1950-2000. I still believe that bull’s attempt towards 1990-2000
is providing an opportunity to add short. Do take a note that before mega event
of this decade, i.e. the September fed meeting, market may go choppy to
nervous. I do consider this is going to be “THE most crucial fed meeting” and
betting on outcome as “Negative” which can trigger 20-25% sell off.
