Saturday, February 6, 2010

Why did US markets pull back at close?

Everything was going as planned and US was down all the way to 2.5% most of the session but last 1 hour was interesting which pulled the markets back in green.

Here is what happen in the last 1 hour of the market.. it made a bullish wave in 15min chart

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Now this could be a good move for Indian markets to make a possible Bull Trap. I am expecting Indian Markets to rally in a Special Session tomorrow between 10am-11:30am

Yes NSE & BSE both will be open on Saturday for 1.30 hours.. may be for operators? Whatever it may be.. I would buy at the money puts… looking at the way US market came back we might see 4750-4775 level where I will buy 4700PE and hold them for Monday

 

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-Member Dhanvarsha Group