Monday, 29 February 2016

Budget day : Nifty's trend (29th Feb,2016)

Dear Friends, Good morning

There is no any change in the Indicators signal - 

The short term range is showing 6860 - 7118 - 7240  intact.....

Technical indicators are giving us the signal upto 7485 , once the closing is manged above 7240 ...

In the recent days, for the last 4 to 5 occasions - market surprises most of the analysts with the opposite direction than to the signal....! So, hedging is must with this kind of volatile sessions..!

Overall , the mood is Negative & unless there is some big news , to increase the hope of economy boosting - there is no surprise of breaking 6860 this time....!
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So, our current position of 6800 PUT APRIL series - as a back up & 7500 CALL MARCH series - is intact...!


I have managed to enter the 6800 APRIL put on Friday @ Rs. 122.00...!
I am sure, either way of big move - we may expect our minimum target of 200+ , by today or tomorrow..! 
If the situation is good, we can go for further averaging also..! Letz see...!

After closing the combo - I will send you the report card...!

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Out of 167 Units - likely to be sold after this combo exit - I have received the requests for 94 Units, till today...! So, if we make exit - today - I will consider the 94 units whoever requested & the balance will get reduced from the total size..!  

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For DHEEPAM pending transfers - will be made today , as I got struck up with bank transfers on Friday - which was not successfully completed..... The amount credited today & finishing today for all the pending cases.....
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Let us get into the budget straight away..!

 
With kind regards,

Rishi

4 comments:

  1. expecting good news
    thanks and regards

    ReplyDelete
  2. Respected sir,

    Thank you for the message on Nifty Trend and our position on STM. As u said, as of now no big change in the Nifty. May be after the budget session there may be a volatile in the market. OUr position may be either way is good.

    with kind regards,
    Visu

    ReplyDelete
  3. Rishi Sir my dream symbol says positive closing..All the best

    ReplyDelete