As you can see, within one day our target was achieved and option traders have
doubled their income.
The volatility has increased and there are some positive divergence on the charts.
This means that whatever bottom is formed, it would be a great opportunity to go
aggressively long as market may bounce back very strong.
But for the time being market is still weak and market has potential to retest 8000
and maybe go below that also.
Be on short side as traders but sell only on rallies. Do not sell low, you would get
stuck and volatility would trigger stop losses.
doubled their income.
The volatility has increased and there are some positive divergence on the charts.
This means that whatever bottom is formed, it would be a great opportunity to go
aggressively long as market may bounce back very strong.
But for the time being market is still weak and market has potential to retest 8000
and maybe go below that also.
Be on short side as traders but sell only on rallies. Do not sell low, you would get
stuck and volatility would trigger stop losses.
ReplyDeleteNickel futures were trading higher during the noon trade in the domestic market on Monday.
equitytips