Part of Newsletter sent on 31 October 2019:
Indian market traded positive in the previous session as per our expectation. The top was made before 14.00 HRS IST as clearly predicted. Nifty made a high of 11877 while Bank Nifty made a high of 30150. There onwards, correction was observed. Today, it is the day of monthly expiry. Market may experience volatility. In the short term, we are seeing Nifty at 12000-12100.
Intraday perspective: market shall be volatile to positive till 12.00 HRS. From 12.00 to 14.35 HRS, a correction is possible. In the closing hour, recovery may be observed.
Around 11900 and 30200, book 50% profit in Nifty and Bank Nifty. It should be noted that we’ve been strongly recommending to long Nifty since it was trading at 10700. Several times we made our predictions public in this context.
Between 11th and 27th November 2019, a sharp correction is possible in equities.
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