If you Look at our previous post (just before this one..Down), i wrote over confidence that made a 100+ points loss in profit.This is just against that one.. I am a contrarian.
'Dualism' is part and parcell of life. 'The Darkness only enhance the Light'. Hapiness and Sorrow,Good and Bad..and Profit or Loss!!. All these are the complements of one another..Too much Philosphy is not required here.Let me come to the point straight - " On the Other day the over confidence that paid a profit loss of 100+ points ; Today the same over confidence that paid a profit of around 100 + points.
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Morning the 10 minutes after the market opening, we asked all our clients to sell bank nifty around 9760 and Gave a instruction not to maintain any "STOP LOSS", if we keep stoploss that will be hit within no time. It is right. After we sold it went up to 9787.00 and all our clients were in panic and started asking, give us stoploss.But we did'nt give.Instead we asked them to sell at high again around 9780.00 level(No 'SL' ). As usual the market threaten us to the extend and tested all our patience..Not only that all the indicators were Signal green and we never bothered to consider the signals. since we have done a through macro study before and over'ly confident, that the market will come down at the end.The same message were distrubuted to all clients before market opening itself.
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While market was traded around 9740 we asked our clients to decide weather they can book profit now or latter as we instructed them it will fall further and breaks day low. The market fell deeply then we predicted.we have covered our short@9690 level and many other clients of ours covered at 9660 level. At last the day high is-9787 and day low is-9641.(146 points from low to high)
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So Today,our over confidence that paid much to all our clients.There are few clients,who made more than Rs.1,50,000/-in intraday.(10+10-Lots).They are the real gamblers and won the match.Any how we are glad now.
What will be the status of market tomorrow ? That question gone already in.Let us work for it.Today excitement is just got over after sharing this.
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