Dear Friends, Good morning
I hope all of you might have thrilled about the third entry and exit..!
STM speed has nothing to do with our other schemes designated speed...! Each scheme has a different purpose and method of operation...! It is a kind of 20-20 thriller ---- hit ball by ball and not to loose main wickets with a shorter duration... Suraksha and Dheepam are like one day matches and 5Y33K is like a test match....! Safeguarding the wicket but different acceleration based on the situation is must...!
When we go rash , we need to go for utmost care and thorough analysis..!
Due to the global pressure and panic selling, NIFTY has broken the major support and dragging towards 7240......!
Key levels to watch - 7240 / 7118 on lower side & further towards 7040....
& on higher side - 7365 - 7425 - 7515 .....!
But my technical indicators are giving the signal towards 7365 to 7425 zone & for a medium run upto 7900 level...!
So, It will not be a worrying situation - as the movement will be huge with volatility ....!
VIX is mounting up , any reduction will lead to severe premium reduction...! This suggests a uni-direction move , for next 2-3 sessions till VIX is cooling off.
Currency is floating like sponge - which I am sure , there will be some foul play in the currency market...!
Considering all the above factors, I have entered the following position for STM.
A bit of amusing combo...?
Let's wait and watch, how quick this combo will benefit us..!
Caution : VIX indicates a big premium correction... Those who are holding double side position, needs to take care of.....!
With kind regards,