MESSAGES

I would like to see Dow doing a thousand pointer today. And then another 1000pts in coming days where it may try to find support around 37k. Below that straight 35k. As I said earlier the setup for dow was similar to 2020 on weekly. Compared to Dow we are probably in better shape. Trade Safe. Best Wishes.

pb bro nifty fut 22820 will be conquered very soon.... till elections complete mkt will go up and up only metals performing bn also in strength chemicals sector coming up it sector to soon u can even see the stocks which were highly beaten down started going up ths itself communicates mkt still have potential to go 24k and as per my reading ths is the last leg of rally which can show nifty 25k in current year rest mkt is supreme

pb bro, i am in agreement with you on us markets. a deep fall may be possible. but same may not be applicable to indian indices. just a view or wishful thinking of mine. ultimatey markets are supreme

praveen bro, there is huge divergence in moneyflow for dow. infact yesterday was the first day of real fall in dow for me. so far just some distribution move. so just the beginning. once there is a weekly close below 38k. very likely the fall accentuates to fill the gap around 35.4k and may hit 35k or even below in that process. this gap on dow is formed on nov last weekend which coinciding the gap we formed around 20.5k. for us election result already priced in just not the disappointment. so a weekly close of dow below 38k may coincide for our nifty futures a weekly close below 22.52k. below that the probability of ten percent correction can take both dow and us towards 35k and 20.5k. if we reduce our fall to to 5 to 6percent testing of 21.2 will become high probability.. myself did not carry any shorts as per my plan. intraday been sufficient so far. if i see futures closing below 22.52k on friday i may go gungho on may and june puts. a weekly close below 21.8 will add more puts. this third week expiry itself may be furious. again a weekly close above 22.82 for us is strict sl. once we start going down i will update this trailing sl. trade safe. best wishes.

pb bro, agree with you on the fact that dow has run up too much more than its fundamentals. biden will not allow us markets to fall, as it is one of the positives of his presidency. i strongly believe such fall is good for indian markets. i am expecting a rally in indian markets. though volatility will be high. which is in a great time for daily traders.

passerbhai i dont think indian market will react much as most of the american companies are long in indian market. i have bought some 22000pe may too hedged my positions.