Thursday, October 11, 2018

morning thoughts...

The markets now enter into an important gann trap date on 11 th october and will see carnage and fall again in coming session with selling all over and major pressure in index 
We have booked our index longs and created major short positions in nifty and bank nifty on Wednesday with loads of shorts in futures and buying put options
Hopefully it will work and pay on thursday and we again change stance on thursday
The index targets of wave 3 are at 7789 for nifty at 16789 for bank nifty - when will it enter wave 5
As intimated the time of portfolio making , however stocks carnation of 50-70% , financial scams etc will keep on woobling
Commodities looks mixed with selected buying in bullions , base metals and energy

Mega multi grand move wave 5 
Nifty 7789 or retraces 79.98% to 11666..?
Bank nifty 16789 or 27569..?

50-70% moves in stock futures
300-600% moves in options