So we are setting ourselves up for a deep cut. 80 D and 40 D has topped out. Also 18 month is in the last leg of downmove. The only cycle which is positive right now is 40 W.
So better keep puts.. deep OTM put maybe 5400 or 5200 should be bought to protect your portfolio.
But as i mentioned earlier, this is going to be a 54 month low. And so we would be rebounding pretty well from there.
for day to day trading looks like an ABC correction is underway now after a fast upmove. 5625 looks ok for this downmove. but then we would be doing our last leg of upmove before going deep down. So buy puts at or around 5720+.
Enjoy the cycles after that and a windfall. :)
Cheers
Sachin
So better keep puts.. deep OTM put maybe 5400 or 5200 should be bought to protect your portfolio.
But as i mentioned earlier, this is going to be a 54 month low. And so we would be rebounding pretty well from there.
for day to day trading looks like an ABC correction is underway now after a fast upmove. 5625 looks ok for this downmove. but then we would be doing our last leg of upmove before going deep down. So buy puts at or around 5720+.
Enjoy the cycles after that and a windfall. :)
Cheers
Sachin
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