Review of Intra day Indian market prediction July 16

Prediction made to Buy July call options yesterday at 2.26 pm( time of prediction posting) as market was expected to bounce back in last  hour or so

 

At 2..26 Pm Nifty was down about 40-50  points with a low of about - 70 points before 3 pm but pulled back maximum of 50 points in last hour of trade before gong down to -40 points. Without Stop loss limits, losses could have turned in to profits our trading strategy

 

This prediction as also other loss making prediction in our series show how our prediction based trading model required combined use of Options and very infrequent or liberal Stop Loss limits to make good profits on consistent basis.- which is contrarian  wisdom