At first glance, Identifying, when a Bull Market Price Corrections was actually the Starting point of Bear Market is quite difficult.
Either ways, that always happen in Three Stages, “Shock, Shocking, and Shocked”.
Rest assured, Rocket Proprietary Trading Strategy “NIFTY PILLARS” has required capabilities to navigate you from both, as highlighted in our working, so in this article, too.
First thing first: Following Tables make us understand how quickly Stock Market can take “U” turn, whether International or Domestic. In 6 working Days, DOWJONES had lost 2000 points. Likewise, NIFTY had lost near about 600pts during the same period.
That’s near about 6% to 8% price correction from recent high. Mind YOU, that’s about INDEX. Imagine what could have happened for Individual Stocks’ BUY Positions during this period.
|Date||Dow Jones Closing Price||Net Difference|
|Friday, Feb 09, 2018||24,190.90||330.44|
|Thursday, Feb 08, 2018||23,860.46||-1,032.89|
|Wednesday, Feb 07, 2018||24,893.35||-19.42|
|Tuesday, Feb 06, 2018||24,912.77||567.02|
|Monday, Feb 05, 2018||24,345.75||-1,175.21|
|Friday, Feb 02, 2018||25,520.96||-665.75|
|Feb 01, 2018||26,186.71|
That was Stage One: “SHOCK” – NO one was prepared, enough !
First, it was Long Term Capital Gain Tax announced by Finance Mister in budget 2018, Then Global Price Volatility and finally ended on Nirav Modi – PNB Scam / Fraud.
Whereas, Rocket Paid Clients had NIFTY Short Sell Trade from 10770 levels from 2nd February itself. Covered on 6th Feb at 10500 levels. Profit of 270pts per lot basis.
We did hit bull’s eye by going Short Sell in Nifty on Time but managed to get only half of the total possible Profit from the entire Nifty Future’s fall of 560pts.
Refer URL https://goo.gl/NNmexp for precise Entry Exit with WhatsApp date & Time Stamp.
ROCKET had updated the followings during the same Period that is from 2nd Feb to 10 Feb
~ Left Screen Shot was updated on SUNDAY, 4 Feb 2018, and
~ Follow-on update was on 10 February (right screen shot)
When not to Trade is equally important: “SHOCKING”
Now, it is the time of Shocking Stage, and for that unlike others ROCKET was well prepared.
Paid Clients & Trial numbers had been informed well in advance on 15 February, itself about Nifty’s next price action going forward and our Market opinion thereof.
And it turns out exactly as said, Nifty did nothing during 15 Feb to 26 February (8 working days) period. Closing Prices were identical that is 10545 and 10582, respectively.
Point is that, Trading should be avoided in Range Bound market Conditions. Because, there is strong chance that a trader may lose all & sometimes more what he / she had made during the Trending market Period.
Shock, Shocking, “SHOCKED”:
Shocked Stage will get over when Nifty gives Proper BUY. And, our calculated expectation is indicating the same not before breaking below 10000.
And, that was updated to Paid Clients (again) well in advance on 24 Feb itself, when NIFTY Spot was near about 10500 levels.
One can refer above Screen Shot Dated 24 February 2018 for confirmation, if required any.
Now, we are waiting for what would actually happen going forward.
Disclosure: we had not given any NSE Stock Futures during entire February 2018 Expiry. Only, three calls were Open (USDINR, GOLD, & NIFTY).
NIFTY & USDINR’s respective Price Target achieved so Closed. Only GOLD MCX is Running.
Closing my write-up by wishing you to keep Booking Profits by Trading Safely !
Thanks for Reading.
Get in touch with us at,
~ WhatsApp Number: 09900330558
~ E-Mail ID: Rocket@RocketTrades.com
For any more details, doubt, feedback; Speak with Nilesh Jain on 09900330558