Share Market Tips 15th Jan 2016
Chat transcript as given via whats app messenger
14/01/2016, 08:59 – Glen Drago: Gm
14/01/2016, 08:59 – Glen Drago: Nifty Feb 7500 put hold remaining 50 percent Shorts till next update
14/01/2016, 09:05 – Glen Drago: Nifty Feb 7500 Put sell 50 qty of part 1 again between 175-190 at opening bell.
14/01/2016, 09:06 – Glen Drago: Keep space for 3 more parts
14/01/2016, 09:15 – Glen Drago: Confirmation Nifty Feb 7500 Put 1 Part Active
14/01/2016, 09:17 – Glen Drago: Nifty Feb 7500 Put Hold 1 Part Shorts Till Next Update.
14/01/2016, 09:18 – Glen Drago: As predicted Mercury is nearing mid point and yesterday we have mentioned that we could see some crazy moves till monday, so please follow msg only and trade
14/01/2016, 09:23 – Glen Drago: wait for msg to add positions. please keep space for 3 more parts
14/01/2016, 09:24 – Glen Drago: crazy moves possible till monday
14/01/2016, 09:28 – Glen Drago: As Nifty begins its final panic bottom move we will be adding in a staggered manner, as told previously we will be trading via a combination of selling puts and buying Nifty Futures
14/01/2016, 09:31 – Glen Drago: In Panic we could even go upto 7300 or may be bit lower also from there hence please follow msg and trade. Mercury Retrograde will keep forcing sudden change in Nifty direction very quickly every 1-4 trading days
14/01/2016, 09:52 – Glen Drago: Usdinr sell 1 part at cmp keep space for 3 more parts
14/01/2016, 09:53 – Glen Drago: Confirmation Usdinr 1 part shorts done
14/01/2016, 09:56 – Glen Drago: Short feb contract
14/01/2016, 12:04 – Glen Drago: Nifty Feb 7500 Put Hold 1 Part Shorts Till Next Update.
14/01/2016, 12:05 – Glen Drago: Usdinr hold 1 part shorts till next update
14/01/2016, 12:12 – Glen Drago: Usdinr book 50 percent at cmp
14/01/2016, 12:13 – Glen Drago: Nifty Feb 7500 put book 50 percent of part 1 at cmp
14/01/2016, 12:14 – Glen Drago: Confirmation Nifty Feb 7500 put 50 percent booked. Hold remaining 50 percent qty till next update
14/01/2016, 12:14 – Glen Drago: Confirmation Usdinr 50 percent shorts of part 1 booked
14/01/2016, 13:11 – Glen Drago: I have been time and again repeating please understand we have primary reversal confirmation. We still do not have secondary confirmation and final confirmation. To add to that mercury retrograde will keep changing the intraday trend every 1-4 trading days. Hence pullbacks will keep coming and this current bottom also could get breached. In panic we could even see 7300 still or may be even bit lower than 7300 during intraday trade. Hence it will be prudent to be cautious and keep booking profits as we are doing right now. Once final confirmation of trend reversal is in place we can easily add positions on all dips / consolidation and breakouts. Till 20th Jan 2016 we could see panic coming in the Indian Stock markets and volatility will only keep increasing as 20th Jan 2016 nears
14/01/2016, 13:13 – Glen Drago: in addition to the current formations on charts astro cycles indicate that the bottom will be formed shortly we are not very far from the bottom but as W D Gann always said it never pays to guess the market, untill you do not have final confirmation of the reversal in trend do not assume trend has changes
14/01/2016, 13:13 – Glen Drago: changed
14/01/2016, 13:14 – Glen Drago: be patient and be rest assured we will make excellent money on the way towards 8800-9000 price not sustaining below 7500 is a confirmation that our analysis is spot on and is on track now we just need to be patient and keep buying into panics that will come in the next 2-4 trading days.
14/01/2016, 13:15 – Glen Drago: most of the panic should be done in or around Monday / Tuesday but still we will wait and let charts confirm trend reversals.
14/01/2016, 13:32 – Glen Drago: Nifty 7500 Put Book Remaining Short Positions at CMP
14/01/2016, 13:32 – Glen Drago: Confirmation Nifty Feb 7500 Put Booked Positions Totally. No Open Positions Now
14/01/2016, 13:34 – Glen Drago: USDINR Book Profits in remaining open positions
14/01/2016, 13:34 – Glen Drago: confirmation usdinr booked prfits
14/01/2016, 13:34 – Glen Drago: confirmation usdinr profits booked in rem positions
14/01/2016, 13:34 – Glen Drago: no open positions
14/01/2016, 13:34 – Glen Drago: confirmation no open positions
14/01/2016, 13:35 – Glen Drago: please strictly follow msg and trade
14/01/2016, 13:36 – Glen Drago: again another round of panic could come thanks to mercury retrograde midpoint hence please strictly follow msg and trade
14/01/2016, 13:38 – Glen Drago: wait for panic to set in again we will keep trading in and out
14/01/2016, 14:13 – Glen Drago: Wait for msg to buy again