With my limited understanding of market, I don't see any reason for such an upward trend. It was stated in all news channel win of Barak Obama enthused Indian market. This is hard to believe. No other market, including US has responded so positively to his win. Hence either there is some other reason or there is real too much strength in our market.
It is also difficult to digest that entire world now has faith only in Indian economy and all investors are pumping money in India. So there is some other reason which is guiding the market.
My loss is increasing, but still holding all positions, except partly booked loss in NIFTY 6000 call.
PCR for December first time gone down substantially.
I bought NIFTY 5800 call for hedge.
But all my main positions are still bearish.
Sell YESBANK future below 421.50 Target 416.40/409.50 SL 427
Sell TATAMOTORS future below 269 target 259.50 SL 275.75
Disclaimer: This blog does not take any responsibility of your profit/loss.
It is also difficult to digest that entire world now has faith only in Indian economy and all investors are pumping money in India. So there is some other reason which is guiding the market.
My loss is increasing, but still holding all positions, except partly booked loss in NIFTY 6000 call.
PCR for December first time gone down substantially.
I bought NIFTY 5800 call for hedge.
But all my main positions are still bearish.
Sell YESBANK future below 421.50 Target 416.40/409.50 SL 427
Sell TATAMOTORS future below 269 target 259.50 SL 275.75
Disclaimer: This blog does not take any responsibility of your profit/loss.
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