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Uma sir, U had given a shrt call on Banknifty(BNF) on 11/08/10 around 10500-10550, expecting a fall of 5%. But let me tell u honestly I was shrt on BNF since 9300 and never got a chance to cover it. I have margins and the time to hold till 11000-11200. Kindly advice should I book a huge loss of 1500 pts. approx. or shld hold or avg. out?? Im in serious trouble, kindly help me out.
Actually me given update about that...that day Bank Nifty fall almost 3% from my levl.....actually my call was 3 - 5% fall ... actually thats over yeastrday morning.....anywazzz Now Banknifty broken main resis levls yeastrday .... Now BANKNIFTY My target 10,800 - 11,000 . But fall should start any movement....if u possible try to short again at 10,900 area .... In my view next bubble in india is BANKS ONLY.... ALL THE BEST
Thanx for ur reply. If u feel banking stocks r a bubble, then kindly let me knw abt the 1st, 2nd & 3rd tgts and approx time frame and SL if any, for my this trade for which I only hv to blame myself for not having kept a SL.
In US market Bonds Bubble burst any time ....me expecting Big fall in next 2 months total banking sector fall like 2008 reality sector ....FIIs should leave our markets at that time.... my target for banknifty 9700 - 9200 - 8800 - 7200- my ultimate target 5800.
But before fall it can test 10,800 -11,000 area.....
Uma sir,
ReplyDeleteU had given a shrt call on Banknifty(BNF) on 11/08/10 around 10500-10550, expecting a fall of 5%. But let me tell u honestly I was shrt on BNF since 9300 and never got a chance to cover it. I have margins and the time to hold till 11000-11200. Kindly advice should I book a huge loss of 1500 pts. approx. or shld hold or avg. out?? Im in serious trouble, kindly help me out.
Regards,
Subrata Dutta
Subrata Dutta
ReplyDeleteActually me given update about that...that day Bank Nifty fall almost 3% from my levl.....actually my call was 3 - 5% fall ... actually thats over yeastrday morning.....anywazzz Now Banknifty broken main resis levls yeastrday .... Now BANKNIFTY My target 10,800 - 11,000 . But fall should start any movement....if u possible try to short again at 10,900 area ....
In my view next bubble in india is BANKS ONLY.... ALL THE BEST
Uma sir,
ReplyDeleteThanx for ur reply. If u feel banking stocks r a bubble, then kindly let me knw abt the 1st, 2nd & 3rd tgts and approx time frame and SL if any, for my this trade for which I only hv to blame myself for not having kept a SL.
Regards,
Subrata
Subrata Dutta
ReplyDeleteIn US market Bonds Bubble burst any time ....me expecting Big fall in next 2 months total banking sector fall like 2008 reality sector ....FIIs should leave our markets at that time.... my target for banknifty 9700 - 9200 - 8800 - 7200- my ultimate target 5800.
But before fall it can test 10,800 -11,000 area.....