After breaking the trend line at 5930, it practically never recovered....
I was mentioning again and again, that biggies have already exited midcaps and small caps.....
It was the turn of Nifty next....
All the mood was positive, no bad news in the air, world indices are propping up, but what happened to our markets......
A simple trend line said it all.............." The rally was over for the short and medium term"
I was repeatedly posting charts of bank nifty, world indices indicating they have reached tops....
We might have traded very few counters, but got enormous returns...
This time, we had concentrated on options...."puts"
The result you have already seen.......
One more thing I would like to mention here....
I was getting queries that most of the traders pay heavy brokerage trading options and hence they avoid it.....
But now a days, trading platforms like ZERODHA are providing a very low brokerage and very much suitable for active traders like us...... I am not promoting it. There may be other platforms too which provide this type of service. But I personally trade in ZERODHA.
Happy Tradings......
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