Friday, September 4, 2015

morning thoughts...

Days of extreme volatility rules us and a sense of pessimism takes over every investor and trader.
But its actually the same behaviour one tends to follow so nothing shocking in it...
Time is to turn contradictory and look at the other side of grass which is always greener, when days of extreme pessimism and fear takes over as the markets moves into a extreme oversold zones with nifty rsi crossing 30 with correction of retracement to 62.8%.
With rupee gaining strength and crude weakening , with people talking about 2008 and worst are far away from reality and they are likely to miss major oppurtunity in days ahead.
Most people panic the most and exit at bottom , so stay bright as 2008 like fall or worse has not yet come but will surely in few months which will not inform itself , for now a retracement for entry levels in out of money call options , index , stocks is worth to look at.
There can be jerks of 2-3 % in index but that should not create panic , so smart money now finds way in.
Astrologically the dreaning mercury meets jupiter in coming week - good oppurtunity.
With lower levels there will be rumours of 7200 - 6500 levels but that will not come by informing at this levels and let people buy at those levels , those who want to short at this levels for those figures can take a risk for the adventure , they can gain 200 odd points in index but with huge risk appetite.
So the strategy remains to enter at 7700-7750 levels in a straddle strategy and 15800- 16000 levels in bank nifty.
Stocks list is long which is likely to witness moves of 45-50% in days to come

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