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Monday, June 7, 2010

CRASHING MONDAY - 07.06.2010


9:04AM: Our 5000 and 5100 June PUT Rocking. Safe traders book profit.

9:08AM: 5000 and 5100 PUT almost doubled from previous close. Jackpot for Shorters. We asked to go short on Friday morning itself.

9:12AM: Traders wait and watch. No fresh long or fresh short. Wait till cool down.

9:48AM: Nifty stays above 5000. We have to wait another 30Mts for a decision.

10:10AM: Europe today further down expected. It can drag down NIFTY too. Wait till then. Risky traders can go short with a strict stop loss.

11:10AM: Nifty still above 5000 Mark. Safe above that. Wait for Europe opening at 1:00PM

11.27 AM : KEEP EYE ON NIFTY
TODAY SOME MORE NEWS HIT ON OUR MARKET
PETROL HIKE, G 20 RESULT

2.00 pm : market cat on the wall position

2.11pm : nifty try to down

2.30 pm is trend decide period

keep eye on 2.30pm

2.25pm :

2.40 pm : nifyt support 5005 - 4970 - 4950

2.52 pm : nifty trade with flat ( this is the trend)

3:17pm : Buy Nifty June 5100 Call  at 67 Target 85

3:31 pm: Tomorrow recovery expected. Bye

2 comments:

STOCK TRADER said...

Hi ..sir Why no tips today?

INDIA 2121 said...

Today risk factor is high.
Presnt up is also only a small short covering rally.

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