THE OUTCOME OF THE PRESIDENTIAL ELECTION IN U.S. WILL PLAY A MAJOR ROLE FOR THE MOVEMENT OF MARKETS ON WEDNESDAY 7TH NOV. ALTHOUGH TECHNICALS INDICATE A SHARP UP MOVE , YET IT IS WISER TO WAIT FOR THE RESULTS TO BE OUT TO ENTER THE MARKETS. TILL THE RESULT IS OUT IT IS WISER TO BUY 5700 CALLS ON MARKET DECLINES AND HOLD THESE FOR GOOD GAINS WITH A REASONABLE STOP LOSS. MOST LIKELY FRIDAY 2ND NOV GAP LOW OF 5709 NIFTY FUTURE LEVELS SHOULD HOLD BELOW WHICH ONE CAN PLACE THE STOP LOSS AND BUY THE INTRADAY DECLINES.
DURING THE MONTH OF OCTOBER, NIFTY FUTURE HAD MADE A LOW OF 5613 WHICH INTERESTINGLY WAS MADE OUT OF COMPULSION ON THE LAST TRADING DAY OF OCTOBER ON 31ST OCTOBER. OCTOBER MONTH HIGH OF 5855 WAS MADE DURING THE FIRST WEEK OF OCTOBER ON 5TH OCTOBER. SEEING THE TECHNICALS AND THE WAY EVERY INTRADAY DECLINE IS BOUGHT INTO, THERE IS EVERY POSSIBILITY OF NIFTY FUTURES SHOOTING UP TO BREACH OCTOBER MONTH HIGH OF 5855 IRRESPECTIVE OF WHOEVER IS ELECTED AS THE NEXT PRESIDENT OF U.S.
FOR INTRADAY TRADING ON WEDNESDAY, TRADERS MAY USE THE SHARP VOLATILITY TO GO LONG AND ADD MORE LONGS ON INTRADAY DECLINES AS LONG AS NIFTY FUTURES SUSTAINS ABOVE 5700. NIFTY FUTURES MAY BE MADE TO OPEN AROUND 5788 TO 5790 SUSTAINING ABOVE WHICH MAY SEE SHARP UP MOVE TOWARDS 5808 FOLLOWED BY 5822. SUSTAINING ABOVE 5822 CAN SEE 5835 FUTURE LEVELS TO BE AT STRIKING DISTANCE FROM OCTOBER MONTH HIGH OF 5855 WHICH SHOULD BE CROSSED SHORTLY THIS WEEK. HOWEVER, AFTER THE OPENING GAP UP, IN CASE NIFTY FUTURE FALLS AND SUSTAINS BELOW 5755 THEN IT WILL TURN WEAK TO WEED OUT THE WEAKER HANDS BEFORE SHOOTING UP AGAIN. IT IS WISER TO WAIT FOR INTRADAY DECLINES (IF AT ALL IT COMES) TO GO LONG FOR GOOD GAINS IN NEAR TERM WITH A WIDER STOP LOSS BELOW THE FUTURE LEVELS OF 5700.
DURING THE MONTH OF OCTOBER, NIFTY FUTURE HAD MADE A LOW OF 5613 WHICH INTERESTINGLY WAS MADE OUT OF COMPULSION ON THE LAST TRADING DAY OF OCTOBER ON 31ST OCTOBER. OCTOBER MONTH HIGH OF 5855 WAS MADE DURING THE FIRST WEEK OF OCTOBER ON 5TH OCTOBER. SEEING THE TECHNICALS AND THE WAY EVERY INTRADAY DECLINE IS BOUGHT INTO, THERE IS EVERY POSSIBILITY OF NIFTY FUTURES SHOOTING UP TO BREACH OCTOBER MONTH HIGH OF 5855 IRRESPECTIVE OF WHOEVER IS ELECTED AS THE NEXT PRESIDENT OF U.S.
FOR INTRADAY TRADING ON WEDNESDAY, TRADERS MAY USE THE SHARP VOLATILITY TO GO LONG AND ADD MORE LONGS ON INTRADAY DECLINES AS LONG AS NIFTY FUTURES SUSTAINS ABOVE 5700. NIFTY FUTURES MAY BE MADE TO OPEN AROUND 5788 TO 5790 SUSTAINING ABOVE WHICH MAY SEE SHARP UP MOVE TOWARDS 5808 FOLLOWED BY 5822. SUSTAINING ABOVE 5822 CAN SEE 5835 FUTURE LEVELS TO BE AT STRIKING DISTANCE FROM OCTOBER MONTH HIGH OF 5855 WHICH SHOULD BE CROSSED SHORTLY THIS WEEK. HOWEVER, AFTER THE OPENING GAP UP, IN CASE NIFTY FUTURE FALLS AND SUSTAINS BELOW 5755 THEN IT WILL TURN WEAK TO WEED OUT THE WEAKER HANDS BEFORE SHOOTING UP AGAIN. IT IS WISER TO WAIT FOR INTRADAY DECLINES (IF AT ALL IT COMES) TO GO LONG FOR GOOD GAINS IN NEAR TERM WITH A WIDER STOP LOSS BELOW THE FUTURE LEVELS OF 5700.
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