Thursday, 26 May 2016

Nifty's trend - May expiry...!

Dear Friends, Good morning

Well, absolute silence for the entire MAY series.... though there was a flier yesterday  but for no use to any one...! 
Even a small kid can easily say that the movement was just a pre-meditated move based on expiry....! After sending out all the long holders and coming back to 7900+ within one session that too just a day before expiry - No one will dare to enter long side also...! Pure gimmicks...! 

Even after the yesterday's move - there was no use for double side holders...!

It happens like this sometimes  - We can't keep quiet after entering both CALL and PUT options on the same month & need to settle with small margin / re-align positions...! 

You might have understood by now - why I was so silent for most of the days in this series.......!

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Now It is time for us to move ahead...! Also, we will come to know by tomorrow's weekly closing - whether NIFTY movement was a genuine one or just a dead cat bounce..!

During expiry closing hours - I am sure we can get some clues technically and we can go for our next STM entry...!

Let us wait and watch...!

Good news is that - for JUNE series - NIFTY is all set for a massive width - a range of more than 700 points.... but with " W " kind of zig zag volatility....!
 Let us get ready and make use of  most of the opportunities....!

Will get back to you after month expiry..!

With kind regards,


Rishi

8 comments:

  1. Rishi Anna expecting IOVS article from you very soon.Regards,Raghu

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  2. Good morning Rishi Sir. Thanks for the update.

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  3. Thank you sir for the updates.
    N.Raju

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  4. Thank you do much rishi sir!!!always you are great!!!!

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  5. YES BOSS. U R RIGHT & MY CONCEPT IS " BOSS IS ALWAYS RIGHT ". Thank you very much for valuable msg. n patience waiting. Awaiting ur shower move n divine grace/ shower.

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  6. Thanks and regards sir.

    M venugopal Mumbai 400088.

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  7. “Silence is a source of Great Strength.”
    ― Lao Tzu
    Even applies to stock market some times...

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  8. Dear Rishi.. thanks for the update..

    ReplyDelete