Blue V of red 3 may have ended, we are probably in red 4. You have the levels already.
Cheers,
Jai

At the outset let me say that your daily analysis, with charts, is something to look forward to every morning. The good part is that you analyse keeping in mind different outcomes. This also makes us think for ourselves. Unfortunately (for you that is) we then come up with questions which may seem frivolous to you, but then you are the one making us think, so you can’t complain…:-)

Here go my questions:
1. If Blue wave v of Red 3 is in progress now, would you say that 4830 signalled the culmination of Blue v? 2. Then what next?
3. If Blue v of Red 3 and positive divergence suggest a relief rally (to say 5070-5115-5150, maybe?) what time frame are we looking at? (keeping in mind that the date Dec 8th coming up – one of your earlier posts).
4. What other factors are you also considering?

Looking forward to the next 4 days of trading (and then many more, of course). 🙂

Cheers,

Thanks.

thanks

It looks like Silver will not cross 33.15. So anything closer to 32.5 seems like a low risk bet. You too have a good weekend.

Cheers,
Jai

That is fine. what u paid extra for the call was offset by the put. The spread cost was approx 188. So ur very close

Again, good call on the Nifty and the general direction of the market. Thanks.

Maybe I am trying to analyse your words – But would you think its IDEAL to short Silver now that its at 32.20 ? Or would you suggest to remain patient and short at a furtehr rise ?

Thanks and have a nice weekend

Regards

Not yet, 1 more push to 390 or little more is coming. May be after that

Not here, if it bounces to say 32.15 to 32.5 then may be.