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Experts Thinking That Markets May Correct


Since morning today I have been reading in various online journals and I see that most experts are feeling that the markets right now are looking a bit stretched as they cannot break the barrier of 9000 and cross over it so it looks like it will fall.

Some say the fall might be around 10%. Frankly I read news just to see if there is some REAL NEWS in it. Not just what experts feel. Markets do not have any emotions – humans have but markets dot bother for human emotions.

So the reason that 9000 is not crossed for long does not fit into real practical news. There can be a fall but not because 9000 unable to break but could be for some other reason. But frankly 10% fall looks a bit far at least not this year until some real bad news hits in. In fact this strays true for ever.

History is a proof that many times the experts were proved wrong by the markets. So just read to know if there is some reality in the news, if not just ignore. Like I did today.

One news I felt correct was that results of US elections may propel markets higher. At least till then I feel 8,600-8,900 range will stay.

If you have done my Option Trading Course and reading this, it is a very good news for you. Keep making money and let the directional traders guess and lose while we keep making money. πŸ™‚

What may move the markets in coming weeks?

Quarterly results are coming from blue-chips like TCS and Infosys. These are big companies and any good or bad news may move the markets but not more than 100 points for Nifty.

Also announcement of macroeconomic data – IIP and inflation is coming. I will keep an eye on this and will inform you.
The above factors will definitely move the markets. Up or down depends on what the news is.

Markets will remain closed on 11-October-2016 (Tuesday) for Dussehra or Vijay Dashami, and 12-October-2016 (Wednesday) for Muharram.

In my last article on Option Chain And Myth In Stock Markets there was a comment from Michael:

Hi Dilip,

If you dig deep in to the option chain, you will see that the market generally reverses direction at the strike price of max open interest. For eg, its good to buy when price is nearing the max puts (provided puts at that strike are continuously increasing with price is near) and its good to short when price is nearing max calls (provided calls at that strike are continuously increasing when price is near).

If the price is about to break out from the max open interest strike, the numbers of puts (for a break down) and the calls (for break out) will generally decrease. You can back test this for yourself, in the recent months and see the option chain predicted precisely.

Combining this with your directional strategy improves the odds of success πŸ™‚

The reason this works it, professionals usually write options & hence by aligning with their direction, we have the upper hand. No wonder option buyers lose money.

Thanks,
Michael

My reply:

IMP NOTE For People Who Have NOT Done My Option Trading Course: Please take this as educational purpose only as it is just a comment. Please do your own research before doing what Michael is saying. I will do research on this and write a post some day. But what he says is if true then why most technical analyst fail? They should be doing the above and make a lot of money. So on the face of it I do not agree until research confirms this.

I will do some research on this. I have given a solid reason for not doing as anyone says. So please if you are a technical analyst (TA) do your own research on the above comment and let me know your results. It will be great help.

IMP NOTE For People Who Have Done My Option Trading Course: Since our trades are properly hedged and we are least bothered about direction of the markets you can try this. Since the hedge will take out tensions of trading nothing wrong to try this out. But please paper trade at least three times before trying this out and also send me the results. I am more interested in what my clients are doing rather than what I am doing as I am more interested in your profits and Thank You emails or WhatsApp messages which money cannot buy. I only get it by giving proper guidance and knowledge. In fact your Thank You emails and/or WhatsApp messages makes me more happy than when you pay for the course. πŸ™‚

I still have some 150+ Thank You emails and WhatsApp messages which I am unable to upload in the site due to lack of time since customer service still taking too much time. Anyway if I find time I will upload – but I am saying this since last one year I think. πŸ™‚

So please keep sending those messages it motivates me a lot and makes me very happy.

Wishing You All The Very Best.

Please like & share my blog with your friends:

Hi, I am Dilip Shaw, owner of this website. I am a trader like you. I have been trading since 2007, but lost a lot of money till 2010. I then stopped trading and studied options like college exams. Started trading again from 2011 and never looked back since. I did a lot of research, read books and did countless paper-trading before being profitable. You can read about me here.

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You can do this course from your home. Some traders make amazing profits like Rs. 16.26 lakhs profit in 5 days though results may differ for all.

This course helps you learn to trade conservative option strategies for monthly income. Once you finish the course you can start trading immediately. You can start trading from any day. No need to wait for expiry. You will make profits consistently.

This course is good if you have a regular job or business. You DO NOT NEED to monitor your trades every second.

What You Get?

Before reading please understand that for all 5 strategies, strike selection will be taught. Strike selection while trading Options is the most essential part to succeed.

You get two conservative non-directional strategies on options, one conservative stock option strategy and two conservative directional strategies on Future & Option combination.

Non directional trades are profitable 80% of the times and make 3-5% per trade (Results may vary).

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The stock option trade makes 30,000 in one trade and if SL is hit there is a way to recover losses plus make 30k in that trade.

Technical knowledge is NOT required. No need to monitor trades every second.

In the course you will learn how to select the strike prices. You learn when to trade, which strikes to sell which to buy, how much profit target you should be looking for, the best place to take stop loss and what to do after taking stop loss – means how to get that money back. The success rate is more than 80%.

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To know more Call/SMS/WhatsApp me on 9051143004 or email me now. I know English and Hindi.

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P.S: So many years of trading has thought me one thing - it is always better to make small profits month after month, rather than lose money month after month trying to make too much money. It never happens. But small money accumulated month after month can become very big in only a few years.

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October 2016 Expiry Day Exit ITM Options
Option Chain And Myth In Stock Markets

About the author: I started trading stock markets since 2007. However my first 3 years were losses. Then I dedicated almost 1 year on studying, researching, paper trading options and learned a lot in that time. Since 2011 I am trading Nifty options profitably. Call me if you need any help trading options on 9051143004.

{ 4 comments… add one }
  • Manoj October 10, 2016, 12:08 pm

    Though I am a free subscriber of yours yet I watch very carefully all updates.They r very rewarding and inspiring too.Hope to make our relation more strong in mere future by subscribing to your course.Initially I had suffered a loss of Rs 50;000/- but through your email talks I am recovering them slowly.
    -Manoj

    • Dilip Shaw October 10, 2016, 1:36 pm

      Good to read.

      Thanks.

      Yes do subscribe it will help more.

      Everything written in Nifty options so that it is easy to understand.

  • Ramamoorthy D October 12, 2016, 11:52 pm

    Guys, don’t just think of getting more than 3% profits as suggested by Dilip. Keep investing these into long term wealth creating MF which can yield around 14% to 18% yoy. There are several MF available in the market. Start before 35 years of age to reap huge benefit.
    Take a portion of profits from Dilip strategy & keep investing in MF through SIP to build solid wealth & keep adding cash to option trade to balance out things.

    • Dilip Shaw October 13, 2016, 10:55 am

      Thank You Ramamoorthy. I agree to what you say. In my 25-25-25-25 risk management policy I do keep investing in good 5 Star rated funds via SIP (Systematic Investment Plans) which is automatically invested from my bank account to my chosen Mutual Funds. Please chose just 3 or 4 Mutual Funds and invest the same amount in them. Anything less will be risky and anything more will be hard to manage.
      Thank You.

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