Trading for Living -- Successfully Completed one year as Full Time Trader

amrutham

Well-Known Member
Monthly charts and weekly charts suggest downward trend. Daily charts suggest sideways for this week's expiry. I took BNF bearish Put spread. Let us see.

Though guessing future price is a fool's errand, I still would like to predict that BNF is closing below 28800 this Thursday. I may be wrong as well.

I hope, I am not hijacking this thread (I hope I am not deviating from its original flow). Please feel free to let me know.
There is no strength in the market.

Even small rise also getting sold into.

The only thing that can give big push is absolute NDA majority in the election results.

If any third front govt comes then, we can expect blood bath.
 
If the market sells off on unexpected election results, it will recover and trade higher in 5-6 months. So if we don’t get a totally unstable Govt things should be ok.
Smart_trade
 

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