Nifty(4763): In our last update we had expected Nifty to get a temporary reprieve from 4690-4720 zone and markets saw a temporary reprieve from 4728. It is likely that the this relief \u00a0is over. Remember the 2 days Nifty hit 4640? Nifty bounced back and closed above 4700 levels. The lowest closing was 4706. Now, 4706 will act as a bull-bear divide line. Bears need to cross this line to signal that a new low is coming. As mentioned last week, new low on or before 21st Dec seems very likely.<\/p>\n
The forces of deflation is taking control of the global markets, and it will spare no asset class. This is exactly why we are short on Gold and Silver. Even crude is a short but we will look for a low risk entry.<\/p>\n
New open position:<\/p>\n
Long Nifty Dec 4500 Put at 20-21, price objective 80-100.<\/p>\n
Note: On CNBC today at 8:40 IST<\/p>\n","protected":false},"excerpt":{"rendered":"
Nifty(4763): In our last update we had expected Nifty to get a temporary reprieve from 4690-4720 zone and markets saw a temporary reprieve from 4728. It is likely that the this relief \u00a0is over. Remember the 2 days Nifty hit 4640? Nifty bounced back and closed above 4700 levels. The lowest closing was 4706. Now, […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,76],"tags":[],"class_list":["post-1330","post","type-post","status-publish","format-standard","hentry","category-indian-stocks","category-premium-content","category-42-id","category-76-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/comments?post=1330"}],"version-history":[{"count":4,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1330\/revisions"}],"predecessor-version":[{"id":1757,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/1330\/revisions\/1757"}],"wp:attachment":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/media?parent=1330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/categories?post=1330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/tags?post=1330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}