Best.
Monday, November 17, 2008
Quick Update
Buying weakness yesterday worked but I am not so sure anymore. Today I will get rid of my longs and my hedge positions and go into cash for a few weeks..I think its a good idea to be out of the market next few weeks since moves either side are dangerous and can kill a positional trader. Day traders...well enjoy the volatility while it lasts.
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2 comments:
Hello Prince,
One can also use this volatility by writing options and sit tight......and dont do anything unless mkt gives us breakout or breakdown.......in between 2850-2512 there is no major support level....so a bounce can happen from anywhere.....
At present the targets posted at vfm are really very very scary.....by the same person who once said to me that we may never ever see 3800 again on the downside nifty was at 4400 something.......
Well it happens.....everyone have their views........
Well i wld like to play level by level........2512-2250-1980.....only after that will think something else.....
on upper side 2850-3050-3240
may be tomorrow we get a clear picture.
KKhus
Lol Kushboo...I saw that post...Just crazy and quite impossible...Totally disagree with him...Unless the world comes to an end, that will not happen.
I agree we play level by level.
Best.
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