Nifty opening at 8742.9
I expect today's high to be high for sometime..
Expected high for today:8760-8780
8780 has least chance though..
Sell at every rise with sl 8850 for targets of 8520 or lower.
Also recommending options call, buy 8700 put @50-55, for same based target nd stoploss
All levels are spot based.
From 8743, made low 8664.
ReplyDelete8700 pe from 53 made high 96!!!
Nifty sell given at 8740.
ReplyDelete8740๐8612
8700 pe buying price: 53
53๐125 high!
More than doubled in just 2 days..safe option traders can book position.
Spot target 8550,8500,8400!
Previously i told that highs can be made on Wednesday, nd possible reversal level:8760-80.
ReplyDeleteThe high happened on Thursday and reversal at 8788..
Don't write me off.
ReplyDeleteFrom 8740 to 8553!!!
8700 pe:53๐141
Nifty Analysis Report update-
ReplyDeleteNo bounce back before 8550.
If straight 8400 without a bounce back then correction may end.
If bounce before 8420 then more downmove possible.
The most important point now is, where the stoploss should b for shorts?
Answer-if u want to go only for 8400(only 340 points), your stoploss has to be 8788(high of Thursday)
P.S.if u can really trust me๐
If u feel panicked, your strategy should b- let nifty fall below 8550, after that if it suddenly bounces back nd trades above 8550 for long time, then book. And wait for good bounce back, bt everything is in the hands of lady luck then!
Bohot saare taale(lock) ka chaabi(key) hai 8400.
Also, below 8235, another 500 points possible.
I may nt b able to give update during market hours..hence giving the strategy for my short position๐