Following is our report to our subscribers today.
As a trader, it is important to know, when to sit out and watch.
We believe in making money consistently and with good probability - Mark of a good trader.
As a trader, it is important to know, when to sit out and watch.
We believe in making money consistently and with good probability - Mark of a good trader.
NIFTY FUTURE OUTLOOK 18-JUN-2012
Readers would have made superb money in Nifty and a loss in ICICIBANK in Friday’s trading.
Greek elections results are out. They are favorable to market.
As a result market will open gap up, spend time in a tight trading range till Europe opens and then make the second round of movement.
RBI will also announce its monetary policy today. If interest rate cut is greater than 100 bps, Market will rocket on the upside led by Banks, DLF, Sobha (real estate companies). If interest rate cut is less than 50 bps, Market will hit mercilessly on downside.
Readers should avoid trading today and wait on sidelines.
We have had great two weeks in June and made superb money already.
The best thing is to not get involved when direction depends on global events and newsflow.
Once all events and clear to us, we will enter market with rocking entry points from tomorrow.
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