Indian market Weekly predictions: 4 lots of nifty 4400 puts purchased at Rs 139 average price. After brokerage will become profitable at any premium over 143 per lot.( remaining lots not purchased as price target not met) Sharp correction predicted between 6-8 august happened only from very high levels.
Day prediction: Monday 4 intra day loss will be included in weekly performance chart
US market- weekly prediction: Carrying forward so far 3 dow 30 Puts purchased at 11370( 2 lots) and 11322(1 lot). This postion was already profitable on Monday ( and in real trade profits would have been booked) .however we recommended carrying these positions till end of week in line with our predictions sharp correction towards end of week. These positions will become profitable at dow 30 level of 11357 approx or below ( Thursday closing of dow 30 at 11431)
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