Sorry, I haven’t looked at the hourly charts, but what I said the previous time holds good. Crude has to get back to low 80’s or 70’s. The interference on USD and Euro is just delaying it

Sorry, I haven’t looked at the hourly charts, but what I said the previous time holds good. Crude has to get back to low 80’s or 70’s. The interference on USD and Euro is just delaying it

7th Dec is the high. This Dec could turn out to be the 4th negative Dec since 1992 or may end mildly +Ve. I dont think we are going below 4640 tomorrow 😀

Rut,
Let me put in an easier fashion – if the market goes trending up into the pivot date long a put at the T-1th trading day around midday-market close. If the market goes trending down, long a call at T-1th day around midday-to close. That has always yielded fair amount of money. When the confirms this, just top up 🙂

Rut,
Let me put in an easier fashion – if the market goes trending up into the pivot date long a put at the T-1th trading day around midday-market close. If the market goes trending down, long a call at T-1th day around midday-to close. That has always yielded fair amount of money. When the confirms this, just top up 🙂

Can we say that yesterday’s (7th Dec) high of Nifty (5134.65 in futures and 5099.25 in spot) is the turn high?
Or
If Nifty closes lower today (8th Dec), will that be considered as turn low?
Or
We wait and see what happens tomorrow (9th Dec)?
🙂
Thanks.

Can we say that yesterday’s (7th Dec) high of Nifty (5134.65 in futures and 5099.25 in spot) is the turn high?
Or
If Nifty closes lower today (8th Dec), will that be considered as turn low?
Or
We wait and see what happens tomorrow (9th Dec)?
🙂
Thanks.

Agile, Thanks for taking the time to explain this in great detail. Much appreciated.

Agile, Jai, if i was to try and apply the explaination provided above and the happenings of yesterday and today, effectively this means that the market should be headed down. Once again, i understand that there are multiple possibility but the above gives me an impression that the markets should be headed down based on the above theory.

Agile, Thanks for taking the time to explain this in great detail. Much appreciated.

Agile, Jai, if i was to try and apply the explaination provided above and the happenings of yesterday and today, effectively this means that the market should be headed down. Once again, i understand that there are multiple possibility but the above gives me an impression that the markets should be headed down based on the above theory.

Do you see any big movement on Crude?

Particularly the friday summit & your dates around 8th & 9th – what impacts could it have on Crude’s chart? I’m Short & wanted your input if its wise to hold or to come out?

Thanks & Regards,
Parag