At 1 pm on 23rd Nov we have exited all our short and now we have zero position in Indian Market.
J2K has always vested in learn n earn method by continuously reminding of how traders get trapped and smart investors make money.
RBI made a precarious statement of halt in interest rate hike after 13 rate hikes in a row .... OCT 2011 we witnessed the biggest rally in US market and what next .....in the month of NOV 2011 we witness a fall of approx 13.13% in nifty from monthly high of 5360.3 to monthly low of 4654.7.
Ask this question ..when US market are gaining so much ..why will FII stay in India ...so was this a crafted strategy to make ourself cheapest growing economy so that FII find it much more attractive to invest in India..ad may be then you will understand why our currency also depreciated so much.
We one day to go and the penultimate day of the EXPIRY ...will this monthly low of 4654 ...hold out ...is this what we were talking about one expiry below 4800 is eminent.
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Regards,
J2K
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