Review: Intra day Indian stock market Prediction-part 1& 2 , Aug 21

Loss from part 2 of the prediction for 20 lots was Rs 9000 before brokerage as marke corrected after losses were triggered and not to expected extent.

 

Part 1 of the prediction ( scroll down to read entire prediction) would have been significantly in profit-except that no specific trade was given- market rose from morning correction to reach a peak in afternoon.

 

Sensex-Nifty-Indian stock market prediction for day trading

Nifty slightly in negative zone at 12.35 pm. Nifty 4500 Puts at Rs 106 with day's lowest at rs 93.

 

Buy 10 Aug 4500 Puts at Rs 100 and another 10 at Rs 90. Market may correct in late afternoon temporarily at least as indicated in pre market prediction today. ( first part of prediction has been profitable)

 

Profit protection and exit levels as in yesterday's prediction
 

 PART 1 of prediction given in morning

 

 

Indian stock market main indices are expected to reach a peak  possibly highest point by afternoon. second half is more uncertain with possibility of a correction (temporary?)

 

1. Buy in morning if market opens with negative bias. It is possible market may dip in second half or so ( before noon). One may buy if market corrects in fist 80-90 mts

 

2. Hence short for small profits on strong opening of nifty over 50 points.

 

3. short index if prediction overall for the day(first half)  is correct and profits are made in (1)

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