huge bad news is pilling up in market like corona virus plus we see that sales of auto sector are drowning even on monthly basis you can see heromotoco price now :) i have shown the rules of harmonic trading follow the chart trade at your own risk if you have any confusion ask
@nikhillilaria, HI LET ME BE CLEAR TO YOU 2020 IS EXTREME BEARISH YEAR AHEAD TILL MAY EXPIRY NIFTY WILL FALL BELOW 10000 IF U HAVE CALLS EXIT UP MOVE IS TEMPORARY JUST TO TRAP BULLS BEAR PARTY WILL START SOON
nikhillilaria
⋅
@WILYTRADER2020, thanx for the macro insight sir, I too feel the same for 2020, But then looking at midcaps which have already fallen more than 60% from 2018 highs I am unable to digest how much more they can fall. Large caps I presume are going to fall but the problem is midcaps start falling too... hence somewhat the market seems too dicey... neither calls nor puts are giving money..... option selling also is diffcult.. for eating good premiums you need nearby strikes , but the swings are too strong that stoplosses are eaten
UnknownUnicorn6418960
⋅
@nikhillilaria, think about investment after 18th may picture will be clear
nikhillilaria
⋅
@WILYTRADER2020, sir if you can reveal, is their anything special related to 18th May or in general may month..... Thanks for you kind words for being cautious ahead
UnknownUnicorn6418960
⋅
@nikhillilaria, nothing much AB =CD PATTERN AB LEG TOOK 27 DAYS SO CD ALSO SHOULD TAKE SAME TIME TO COMPLETE AB=CD :)
nikhillilaria
⋅
@WILYTRADER2020, ab=cd i assume you are talking wrt nifty, i guess ???? further sir 27 days from now would be somewhere in march end or april... how come MAY sir??
UnknownUnicorn6418960
⋅
@nikhillilaria, sorry nifty is all around in my mind my mistake
nikhillilaria
⋅
@WILYTRADER2020, no issues sir... but as you told nifty would go below 10000, though not before 18th May... may be in a year or so.. am i right ???
UnknownUnicorn6418960
⋅
@nikhillilaria, i calculated timeframe exactly near 18th may so it must on this date +/- 1 or 2 days