Try to liquidate and exit your position in may itself if nifty resist to fall below 4200 for the next week and Started making any kind of euphoria.
Coz Montly 5 EMA is still at 3529 levels. Strongly not to be good for June Season. Such a gap is unsustainable i.e nearly 700 pts now between Spot and Monthly 5 EMA
I have only one valid point from my end. If nifty not keeping dipping below 4200 before the start of June… Then one should considering Booking Profits in Deliveries. As the risk for carry forwarding his position for next month is keep on increasing if the breadth of Nifty Spot and 5 EMA(montly) Keep on widening.
Iam not trying to panic….. But just trying to say the risk in carry forwarding deliveries in June…. Just follow the rule “Sell in May and Go Away”.
Related Readings and Observations
Alok Industires Possibly a Value Buy Now
CMP : Rs 13.8 Positive Reasons for Value Buy 1)Stock Trading Just below 13 day EMA with Positive momentum divergence so price mean reversion could target towards 34 and 55 […]
State of the Market : May Expiry Overview The Nifty Futures and Bank Nifty Futures continued to move up last week, gaining 2.2% and 1.0% respectively on close. And Bank Nifty is relatively under-performing in the recent uptrend. […]
RBI Reduced Remittance limit from USD 200,000 to USD 75,000 Today RBI had announced in its circular that forex Remittance limit for Residential individuals has been reduced from USD 200,000 to USD 75,000 per financial year with immediate effect.
Nifty Open Interest Lookup and Crashing Junk Bond Markets haven't said anything negative in the last four trading sessions despite two worrying factors. After FED increased their Federal fund rate by 25 bps there was a massive rally in […]
Dow Jones and the Dirty Candle Just Check out the dirty candle formed in Dow Jones today. The total length of the candle bar is more than 1000pts followed by a recovery of nearly 600pts. Its really a scary and a amazing […]
Codesnippet : Autocorrelation Amibroker AFL and Pinescript Code "Autocorrelation, also known as serial correlation, is the cross-correlation of a signal with itself. Informally, it is the similarity between observations as a function of the time lag […]
sir ur knowlegde is great plz email detial of Euphoria in Nifty with chat & plz tell me where i found centurytex intraday Rt chat (prabhdeepsngh@yahoo.com) best regards Prabhdeep Singh
@Prabhdeep Right now iam not having any tracker for Century Textiles.
Yaa…. True EMA(5) is too deep New (the OLD one only) govt. will try to increase revenue with new (final) budget by adding extra taxes hike in petrol, less bank interest etc. So Budget can be turning point for markets.Point to be noted here :* Let media project any thing New Govt dont have pure support of 50% or 2/3 mejority !! they still depend on others, only thing is that this Govt has got better decision making power at least at this stage. * Nothing much has changed overnight, regarding economically.* Newly elected But Govt is same, like before. It has not changed.* Govt is and has: Same Strong Leader & some extra strength for Decision making. ( at least at this stage )* World is same* US Problems are still the same* No new positives in terms of policy making in immediate course. Nuke deal is already done.* People's pockets (except traders and investors) is still more or less the same. There is a net slowdown.* growth rate expected 7% rather than 9% !! it is 2% less