I had talked with many people regarding nifty. Everyone want to prefer Nifty shorts or puts at current levels, even every time nifty rallies lower levels. They prefer to go short even if they got beaten. But just check out the Weekly charts for the past two years. You would agree that This is not the right time to short( see the rectangular blocks – with White Candle).Nifty Weekly Charts Shows alteast 4 continious positive weeks after every downfall. So why to short and get trapped at current levels. Remember Even a continious 4 days of fall will be followed by a greater recovery in one single day to close for the week positive.

The only possible psychology is whenever people saw heavy downfall. They want to prefer shorts even if they got beaten. When market shows considerable rise they changed the mind to go long after few positive weeks in nifty… Thats a dangerous sign of loosing wealth.

So be careful in choosing your puts… Be on the right side.

Happy Trading!!!

Random Posts

• Multibaggers : Elgi equipments, SAAG RR Infra Ltd and Lakshmi Energy and Foods
  Hi Members, These Multibaggers tips are recommended by Mr Arun one of my online friend from Kolkatha. 90% of his calls almost worked. I recommend to try his call what he gave it 2 days back and to reap your profits. Scripscan: Elgi Equipmentscmp:53...
• Complete NSE EOD Database in Amibroker Format – Updated 31 Dec 2009
  Download Complete EOD database for Amibroker for the starting of NSE upto 31st Dec 2009 Steps to Setup the EOD database 1) Download the database from the above mentioned link 2)Extract the Zip file and Save it to the folder c:\Program F...
• Popular Culture and the Stock Market
  Most people believe that stock market movement is caused by fundamental economic and political conditions and events. Experienced stock market watchers have recognized that such events "cast their shadow before" on the stock exchange. ...
• Inside Bar in Nifty Weekly Charts
  Now Nifty is  clearly a Buy only above 2790. Else remain short as Inside Bar in Nifty Weekly charts are visible. So Price direction will be based on monday's move Keep your fingers crossed Source: www.marketcalls.in...
• Gold-OIL Ratio turning up once again
  Gold / Oil ratio refers to how much crude oil can be bought with one ounce of Gold. With gold at $1000 per ounce and oil at $66 per barrel, the Gold/Oil ratio is at 15.15. The average for the last 40 years has been around 15.   The gold-oil ratio...