Review : Intra day Indian stock market Prediction Aug 20

see intra day chart for aug 20. Market fell after rising to highest point as predicted.( highlighted below in red)

 

The trades were not carried out since price limit for purchase of puts were met around 2.30 pm -not before 1.30 pm. Otherwise sharp fall after 2.30 when market rose to higher levels would have e given good profits( closing premioum of Rs 106 against recommended average premium of Rs 84)

 

Prediction as posted before noon- below

 

 

Nifty is now trading at 4475 approx up over 76 points. There is likely to be a temporary correction but possibly from a higher level which may be reached before 1.30 pm approx

 

Buy 5 Nifty Puts 4500 at Rs 87 ( day's lowest so far is 92). and another 15 puts at Rs 81 before 1.30pm.Protect gains of Rs 12 per lot and exit if loss exceeds Rs 9 per lot ( before brokerage)

 

disclaimer: Usual disclaimer applies. This is slightly higher risk predictions