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....!

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...!


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..!  


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.....
Let us get into the budget straight away..!

With kind regards,



  1. expecting good news
    thanks and regards

  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,

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