i.e: Buy closer to the lows & Sell closer to the highs....
US markets are close to a top. China has started to fall again. Current bullish sentiment will receive a blow if Nifty starts to fall below 4490. So place your stops below that for longs. For Shorts, it is 4675(Courtesy Balanandan of Vipani Sangeetham http://marketsmusic.blogspot.com)
2 comments:
sir...just one observation...india vix has jumped 60% to around 64...maybe due to expiry ahead ..its anyway not much of a reliable indicator...
Hi..Shaq,
That is an interesting observation. It must be to do with the current status of Puts & calls..
We have our price levels for confirmations.
Again, it is an abnormal deviation.
Best regards.
ilango
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