VIJAYDASHMI TO DIWALI

VIJAYADASHMI TO DIWALI

Though it’s a trading holiday for Indian markets, the Europeans as well Dow would trade weak and the moves mentioned for 8th Oct would found to be risk rewarding.

(Wed, 08th Oct: It’s better to concentrate on intra-day trade for small gains. The high risk traders may carry shorts or put to cover at opening bell of Fri. The DOW weakening post 11:30 pm IST could prove this move to be a correct one.)

Today, the Dow may turn volatile initially but after the closing of Europeans, it may weaken further with strong chances for a huge fall initiating a gap-down for Indian markets on Fri.

Fri, 10th Oct:
Expect a good gap-down open for Indian market with all Asians as well. Cover the shorts at ‘opening bells’ to re-initiate on some bounce. The day indicates good opportunities for intra-day trades but avoid any longs as there is risk for ‘lower circuit’. Short first-then cover only. Whatever may be the levels around 03:00 pm, a short after 03:00 could gain good points for last half hour trade. The high risk traders may carry shorts or put to cover on Mon.

Mon, 13th Oct:
The market may open weak initially and it’s better to cover shorts at ‘opening bells’. The day indicates volatile up & downs ideal for intra-day trades only. Since Tue indicates strong chances for a ‘fake’ up move, one may (risky) go with ‘short in put’.

Tue, 14th Oct:
The market may open with an illusionary up trend. One should check for just 5-10 min after open and if notices up move, go long for intra-day. Do not forget to cover such longs before EOD and go short for Wed. If downtrend initiates after open, it may prevail further. (watch then act accordingly)

Wed, 15th Oct:
The market would open with –ve bias and trade in downtrend for rest of the day. Intra-day traders should short first then cover only. High risk traders may carry shorts but strictly to cover at ‘opening-bells’ only.

Thu, 16th Oct:
The market may open weak initially giving an opportunity to cover shorts at open itself.
However, whatever may be the open; there are strong chances for a fast recovery with an uptrend. One may go long with opening itself for rest of the day as well risky trader may carry longs for Fri. Initiating ‘call’ could be risk rewarding.

Fri, 17th Oct:
The uptrend set on earlier session continues and market would notice a consecutive +ve close. One may carry longs / calls for oncoming Mon.

Mon, 20th Oct:
The market is expected to open with uptrend as mentioned earlier. The +ve trend prevails for entire day and a +ve close is also expected. Though this +ve trend may prevail on oncoming Tuesday, it’s better not to carry long positions overnight as this up move is of ‘short-live’. The high risk traders seeking the advantage for possible ‘gap up’ may try to carry such long / calls but such calls must be covered with Tue open.

Tue, 21st Oct:
The market is expected to open with +ve bias and there are some chances for a gap-up as well. However sustaining at such higher levels would be difficult with volatile up & downs. The traders much exit their longs/ calls and try to gain in intra-day moves only. High risk traders may initiate short /put as the downtrend may resume hereafter.

Wed, 22ed Oct:
The market may notice a –ve open with drifting further. However some volatile movements are also possible. The traders may hold short/put or reinitiate on every bounce boldly.
Tomorrow, whatever would be the open, the nifty would resume it’s down motion for making new lows after 02:20pm IST. Try to exit any longs/call before this time.

Thu, 23rd Oct:
Whatever may be the open, the nifty will weaken from the period post 02:20pm and one must get rid of any long positions before it. The closing might be at day’s low with distinct possibility of gap-down on yet another ‘black Friday’.

Fri, 24th Oct:
It could be a typical ‘black Friday’ with huge gap-down open followed by further drifting. The period up to 02:30 indicates one-sided movement in south however some attempts to regains are possible in last hour of trade. The traders may carry their short positions/ put boldly as the oncoming Mon indicates yet another day with –ve bias.

Mon, 27th Oct:
The nifty continues to drift further for entire day making new lows. However, the traders must cover all shorts/ put before EOD as the oncoming Wed indicates strong chances for a sharp up move.

Tue, 28th Oct:
Wish you Happy Divali. With +ve sentiments of Divali all over, expect the +ve open at Muhurat trading. The opening bells of Dow would initiate a sharp up move here too from the period post 06:30pm IST and the ‘intra-hour’ traders have better to buy at open itself & cover at cls.
Since this uptrend would prevail on oncoming Wed too, one may carry long / call overnight for good profits on Wed.

Wed, 29th Oct:
The market is expected to open with a sharp uptrend and this uptrend may prevail for entire day. The traders may initiate long position from opening itself but strictly to cover before EOD.

Thu, 30th Oct: Trading Holiday.