Just another manic monday??

Monday looks like a mega mega gap down since dow jones is down.
contrarian call buy 4600 call target 100-120-160
for june
so the buy zone has to be 50-60-80 max
sl = 0 target double/tripple
buy 2-3 lots sell half at double , sell full at tripple

hedge for 4600 call long = 4800 call short if/when the 4600 call moves into profits.
try to sell 4800 call for around 30 or try to sell the 4750 call option for 50.



forming an intermediate bottom can be a painful exercise, will take a while.
If you get a gap down on monday take profits on all shorts.
For friday I had reccomended short relcap/ntpc, did try trading nf long but got stopped out for a loss of 10 pts.

If you want to be on the intraday call list on yahoo my id is rajak1981@yahoo.com
you need to be online to receive msgs.

Nifty in a triangle?? no new lows? will 4440 hold?? or will we do a wave C carnage till 4000-3600 nifty?

Title says it all.
Bought indiabulls/bhel/bel/albk today.
Had moved into 50% cash earlier, now only 25% cash.
My reccomendation to everyone is start buying around 4560-4507 invest 33% now
33% if a 5% drop comes and final 33% if another 5% drop comes. so @ 4000 ish one should be fully invested
4500-4250-4000

Aggresive strategy is 50% @ 4560 ish then 50% at 4250
In both strategies if market does not go below your buy price and confirms an eod bottom then remaining capital can be deployed on the way up!

Only mega bears will be talking of nifty 3600 but hey anything is possible :).

Just charts part II

Old Trade setup that HIT EVERY SINGLE TARGET!! SBI SHORT!!
when it broke below 1585 ish



Note if you can't figure out how to trade this chart
then i would suggest reading martin pring+bullkowski.
All patterns come with targets/stoplosses.
So here we go, pattern of the day head and shoulders :)