Attached herewith the Daily chart of NIFTY with 2000 NN signals. You can see that it has turned bearish. It is expected that the price action next week will be bearish.
Performance:
- Last 2000 Signal gave a maximum gain of 533 points.
- The TTI signal of MARUTI has so far given a maximum gain of 254 Points and still in SHORT mode.
- Reliance Capital TTI gave a Sell at 762 and it is currently at the same value. Last TTI Long signal had given a gain of 149 points.
- The Latest in the group is of Tata Steel. We should give time patiently for it to act to start assessing the profit. The last TTI Long signal had given a gain of 60 points.
- ICICI Bank TTI Signal is still in Long mode and so far given a maximum gain of 138 points.
The following indices are strengthening.
Bank Nifty. BSE Reality, CNX madcap and CNX Junior.
The strategy I like: I like to hedge and move. It gives a nice protection in case the price action goes against me, but at the expense a certain percentage (depending upon the protection level and the type of hedging you use) of my profit. How I like to hedge is with a 1:1 ATM call, if the signal is SHORT and vice versa. It is not be cause of a disbelief of Signal but I always like to expect the unexpected. It is especially useful for Stocks, because, unexpected news of a particular stock, which may occur after trading hours, can change the whole complexion of the price action. So, I do not mind paying a little bit of my profit towards Insurance, the same way you take a Life Insurance. It is just the way I like. That is all…
Stock to watch for upside:
FCS Software Solutions Ltd, Indian Hotels Co Ltd, Smartlink Network Systems Ltd and Tata Metaliks Ltd
Stocks to watch for downside:
Aban Offshore Ltd, Ceat Ltd, EdelWeiss Capital Ltd, Educomp Solutions Ltd, Zensar Technologies Ltd, Mahindra & Mahindra Ltd and Sterlite Industries (India) Ltd
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
