Monday, 17 October 2016
Nifty's trend (17th Oct,2016) & 5Y33K - STM update...!
Dear Friends, Good morning
As per the indicators' signal, A big pattern is being formed - which can drag NIFTY upto 8400 - 8440 zone & from there a a steep bounce back towards a new All time high level of 9300+ level......!
Let us wait and watch whether this can happen (or) from this level itself it can bounce back towards 8800 level...!
A slight recovery in currency can bring back NIFTY towards 8756 level....! On the lower side 8521 plays a vital role & breaking 8521 zone, we can witness 8440 level, very quickly...!
STM - We have closed the STM positions at Rs. 25,890 /- today...!
For 5Y33K positions - I have closed a partial positions today & remaining will be closed by today evening ..!
You can update your records for 10% addition for today's date (17th October )
For SAKRUTAYA - the process is on. Most likely it should get thru anytime after Diwali by mid November...! Will keep you posted , soon I receive the good news...!
Last 10 days, were terrible due to some unexpected bad news ...& had been to my native for the last 3 days ...! Things are expected to go smooth in this week.....!
While compiling this message, I am seeing the NIFTY crashed for 60+ points , from 8580 to 8520 zone, before finishing this mail......! Seeing this as a good sign...! Let's utilise this opportunity..!
With kind regards,