8000 Is A Big Support For Nifty Comes True

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Date: Jan 27, 2017

Today I am very busy finishing writing for How To Invest Well And Retire Peacefully. Some people have paid and I have promised them that I will finish writing the eBook by this Saturday. If you are one of those who paid and by chance did not read my email please note that I will send the eBook this Saturday or maximum by Sunday. I cannot give you trash. I have to give you the best of the knowledge as much as possible. I hope you understand that it takes time to write a thing like that. I cannot spoil my name for some money. For me honesty is more important than anything else.

Anyway please check this post I wrote a month back:
8000 Is A Big Support For Nifty

Almost a month, and Nifty is now over 8664. This is 8.3% up.

Was there any Technical Analysis (TA) involved? NO. Pure logic.

The Very First Line Was This:

8000 Is a big support For Nifty because when it breaches a psychological level, greedy traders come in and start buying stocks to take Nifty high.

Then this:

If you refer my previous emails you will see that I had written that 8000 is a big support for Nifty. It is very hard for Nifty to break 8000 on the downside because there is no big negative news except demonetization that the market has already factored in. Moreover greedy traders come in and start buying stocks to take Nifty high.

The reason why it is not going up fast in spite of US stock markets hitting all time high is the liquidity is low. The retail traders are busy taking money out from the banks and put food on the table. Right now getting and buying the essentials of living a life is more important than investing money in stock markets.

Once this 500 and 1000 rupees notes demonetization effect gets over people will once again start investing in stock markets. I do not feel that day is very far as now days you do not see long queue in the banks.

Until the cloud does not get over there is going to be no trend in the markets. The best trade to do now is the non-directional strategies in my course.

There you go. All predictions coming true. This is known as coming to conclusion of what works in stock markets. No Price Action, Bollinger Bands, Candle Sticks, Charts etc. Just simple logic and it worked.

I remember one month back almost all big Technical Analyst were saying that Nifty can see levels of 7600 or less. I had different views and it worked.

My point is if you have simple logic of how markets works you can make money – rest is noise.

Over the long term it is logic that works not magic. This is exactly the things you will learn in my course. There is absolutely no speculations or magic, its pure logic of how options work.

I am not a magician nor an astrologer. I am a simple man, a simple trader, like you, trading from home and writing for my option course blog and helping traders.

I am very happy doing it. Let the world say whatever they want to say. It is their job, why should I bother? I just am bothered about what my brain says and what may happen due to current scenarios.

This is not the first time I have said something and it worked, it has happened earlier too. It is also obvious that I keep saying a lot of more things apart from what I tell to my free subscribers in the site and by this newsletters. They have paid me and they deserve more. I am obliged and its my duty to help them more.

I will keep doing it.

Thanks,
Dilip Shaw

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