NIFTY seems to make an entry into 7500 zone today....!
There was still a strong buying trend at FIIs , as per the data. But profit booking can not be ruled out...!
Most likely there can be a slow movement / consolidation - if at all to make 7485 as a strong support zone...! ( Yesterday, high was made at 7483.95 - Did any one notice that...? - Yes, a fluke once again..)
Remember a fact - NIFTY is in over bought zone....! Either it has to come down rapidly at least upto 7350 zone (or) there can be a consolidation to cool off / neutralise for 1 or 2 trading sessions..!
So, we will have to wait and watch , whether we are going towards 7680-7700 zone & coming back to 7240 ....!
If NIFTY manages to the level of 7420-7485 zone, as per the indicators, there can be a top gear movement once again on positive side...!
For us, whether it is going UP / DOWN - we are not bothered much...! We need just movement , that's all...!
There were few queries based on yesterday's mail -
STM - as of now units are available ...?
Yes, after allocating the requests, still 196 units are available...!
There was one more query on whether we are stopping buying in STM...
Yes, it was hinted yesterday......!
Whoever bought the units can sell them at any time....! The purpose is to reduce the size , nothing else...!
STM is like a precious stone..! If things are going well, there may be remote chances for prices going down , than the entry price at any point of time...!
So, I thought once the selling happens, let us reduce in the size lot itself...!
Entry price will go up , for sure...! If not day by day - week after week...!
Why to have the guilty feeling that I should have entered , last month itself...?
Let us have the cut-off...... can be upto March end...?
After 31st March , 2016 - There can not be any buying in STM units...! You can sell at any point of time, based on your need (or) satisfied with the expected target etc..! The scheme will be there upto December end...! There is no change in that...!
So, till 31st March, whatever units are being sold, that can be compensated...!
Afterwards, we are reducing the size, whenever happens, to make our journey with ease and comfort..!
What made me to take this decision ?
There were few calls last week, to clarify some doubts on STM....! really basic doubts ... ! I really felt guilty that somehow I failed to communicate in a proper way...! Though whatever doubts were cleared, now if they want to come, they have to invest more , or may be after few weeks, there may not be any sellers...! why to have disappointment...!
Let us assume that STM is kind of special batch...! We extend the last date for entry upto March 31st,2016. Whoever wants to enroll may have the early bird benefits like...! A discount kind of thing...!
After 31st - Batch entry is closed ...!
Advantage over special batch : Can withdraw from the scheme partially / fully at any time, till 31st Dec...! Whenever they exit - they can have the profits , as per the closing prices on that date...!
The updates are time to time on Entry and Exit - to calculate yourself , how much your units are valued...!
This way, even if I get calls in future, I can say comfortably, forget STM sir...! that was a special batch, and now we have closed the entries..! That way, it can be still digested...! What Sir, now you are asking , it was available for 25% less price , yesterday - will again be a tragedy...!
Sometimes, I have to be strong enough without any sympathy..! No other way...! To avoid the cumbersome activity of accounts concentration...!
Even my close friend, invested @ 15K per unit yesterday...! No other go..!
If I offer discount, when selling happens I will have to pay from my pocket , I am not that much big fellow boss...! Sorry..! Rule is a rule...! He could not arrange the money, though he tried his best..! But even on a one day earlier, could have saved 15% percent , but what to do..!
So, friends...! Finally I have frozen the STM procedure like this...! Hope you all can agree...!
After STM , I am 100% sure that there will not be any STM - II ...!
Be prepared from now onwards and do not get disappointed...!
With the way, we are going STM - there can be much, much earlier closure of 5Y33K and other schemes....! Let us see...! We may not have to wait till our mission target period..! We are marching fast...!
You can share your opinion / suggestion ....!
Have a nice day !
With kind regards,