Nifty Prediction 13th May

Nifty Prediction Nifty made higher bottom as predicted and moved higher today. Overall keep buying into panics for higher targets. Buying must be done only at appropriate levels.

Our recommended stocks are doing very well 3 of the stocks that we picked up are up over 50% from our recommended levels and remaining 3 are already at life highs. There are others also which are up and eventually will be market leaders in the next leg of the rally. Use our assisted PMS product and make money because these set of stocks will continue to outperform. From a trading stand point we did very well our stock pick and Nifty trades were bang on even today. Our Predictions and chat transcript has been given below along with time stamp for you to verify. Overall from a traders perspective traders must buy up trend stocks in panic and then manage risk accordingly in those stocks.

Part of what all we did today

[9:14 AM, 5/12/2020] Glen Drago: Good morning
[9:15 AM, 5/12/2020] Glen Drago: No open positions for now
[9:15 AM, 5/12/2020] Glen Drago: Wait on sidelines for —th May expect higher bottom around 9000 to 8900 levels
[9:20 AM, 5/12/2020] Glen Drago: Sentiment reading shows that everyone is very bearish. Almost everyone wants to short sell the market however since we are nearing a time band where we have seen strong reversals so set up looks perfectly like a bear trap
[10:12 AM, 5/12/2020] Glen Drago: Nifty 28 May Sell 8900 Put 1 Part at cmp
[10:14 AM, 5/12/2020] Glen Drago: Hdfc Ltd Buy in 2 Parts buy 1 Part at cmp
[10:14 AM, 5/12/2020] Glen Drago: Will update when to buy 2nd part
[10:15 AM, 5/12/2020] Glen Drago: Hdfc Ltd confirmation bought 1 Part at 1593 spot level
[10:15 AM, 5/12/2020] Glen Drago: On dip if comes we will buy 2nd part in hdfc Ltd
[10:17 AM, 5/12/2020] Glen Drago: Confirmation Nifty 28 May 8900 Put sold 1 part at 193
[10:20 AM, 5/12/2020] Glen Drago: Sail buy in 2 Parts Buy 1 Part at cmp
[10:22 AM, 5/12/2020] Glen Drago: Some volatility is possible over next 2 days but we see higher bottom formation so we will be buying on dips here
[11:02 AM, 5/12/2020] Glen Drago: Don’t see nifty sustaining below 8900 spot level. Buy on dips strategy should be used
[11:51 AM, 5/12/2020] Glen Drago: Bhel Buy between 21.50-21 SL 20.8 TGT 22.50
[1:06 PM, 5/12/2020] Glen Drago: Hdfc Ltd book 50 percent at cmp and trail remaining qty to cost and hold
[1:07 PM, 5/12/2020] Glen Drago: Confirmation HDFC Ltd booked 50 percent at 1633 for buy at 1593 trail remaining qty to 1593 spot level and trail
[1:07 PM, 5/12/2020] Glen Drago: Sail hold 1 Part long as told
[1:07 PM, 5/12/2020] Glen Drago: Bhel hold long as told
[1:07 PM, 5/12/2020] Glen Drago: Nifty 28 May 8900 Put short hold 1 Part as told
[1:08 PM, 5/12/2020] Glen Drago: Will keep Updating as and when anything needs to be done
[1:57 PM, 5/12/2020] Glen Drago: Sail book 50 percent at 27.85 for buy done at 27.40 and trail remaining qty to cost and hold
[1:58 PM, 5/12/2020] Glen Drago: Bhel book full profit and close trade at 21. 65 for buy at 21.50 trade not moving as desired
[1:58 PM, 5/12/2020] Glen Drago: Nifty 28 May 8900 Put short hold 1 Part as told for short done at 193
[2:42 PM, 5/12/2020] Glen Drago: Sail close remaining 50 percent long qty at cmp
[2:54 PM, 5/12/2020] Glen Drago: As predicted Nifty heading for — on dips we will be buyers

As usual if you are only trading on the basis of this post please use your own risk management and then only trade. Please do not over trade and always keep your risk in check. Markets will remain very dynamic for next few days and it will be prudent to be very nimble footed. Will be good idea to trade light till the end of this week as there could be some sharp volatility which could be seen over the next few days.

Good trading to you!