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As expected, 7600 became a strong support. Nifty bounced back from 7610. Click here to see.
And the good news is that the whole world has taken a 0.25% increase in FED rate for granted and have moved on.
Indian markets are great followers. Once the European markets started moving up yesterday, Nifty also started moving up. Very strange but we traders cannot do anything about it. Intraday traders can benefit from it though.
The good news is worry is over.
And when worry is over you can see that VIX has also started to fall.
At 11.20 am INDIA VIX is at 16.82 which is 3.00% down from previous close.
It will fall further tomorrow. Be ready to close strategy 1 if in reasonable profits tomorrow.
More profits coming. 🙂 I will send an update later tomorrow.
Somebody came to my site today morning looking for â€œDilip Shaw Wealthâ€. Holy shit, really? I mean if I have less or if I have more, why should it really bother you? Your only concern should be if you can really benefit from my course. If yes, then is it worth spending 5k on it once in your life? That's for you to decide.
Note: It's very nice to see a lot of traffic to the site coming from the words â€œDilip Shawâ€ and â€œTheOptionCourseâ€. This means you my subscribers, are spreading it through the word of mouth.
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