Hi friends,
I welcome my new blog followers. Wish you all prosperity through my blog.
Yesterday, the August series of F & O expired and September series opened.
Our market has declined to almost the level I predicted, now it will give some bounce back may be from today or monday but use the bounce to exit or book profit or go short but certainly no new buys. I will let you all know when the buying opportunity comes. No intra day trades please.
Market after the bounce will decline and reach almost to the level of 14577 and it will be a crucial level to judge the further trend, if it bounces after taking support here and crosses 17000 level again then there will not be fear of much downside but the call should be taken at the level and not now looking at the country specific and the global factors affecting the market.
Precious metal is a good investment opportunity on each decline in their prices. Gold better than silver. Silver may face resistance around INR 70000 and Gold at INR 30000 but Gold has steep uptrend. Declines should be used for buying.
More later,
Wish you all a very good day,
Regards,
Jagruti.
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