As soon as selling developed yesterday then we updated it yesterday at 10:41 AM in Post-open Outlook(19-11-2013) and repeated selling in all the Outlooks with very Short Term correction possibility. As was predicted and projected yesterday,100% same happened today and Nifty traded 40 points down with recent lowest formation at 6163.50 today.
Very Short Term correction continuation since opening today but without as such selling patterns formations and double bottom formation also at lower levels therefore firstly valid break down of 6163.50 should be watched for correction continuation/completion because only very Short Term correction was expected.
Very Short Term correction continuation since opening today but without as such selling patterns formations and double bottom formation also at lower levels therefore firstly valid break down of 6163.50 should be watched for correction continuation/completion because only very Short Term correction was expected.
We bought at NIFTY-Nov PE(6200) at 46.50 yesterday when Nifty was trading near the highest of the day and covered today at 64.00 when Nifty was trading near the lowest of the day. Live proofs of such perfect timings will be updated after trading hours today.