As anticipated both the indexes have started moving sideways. This is very clear when the index start shedding the gains and started declining from the life time high.
But the close is at fresh high level.
IIP and Inflation data and quarterly results of Large Cap companies should give direction to the market.
Nifty Range 9760-9810 Bank Nifty 23540-23685.
Tomorrow will be a painful day for all call holders as the premium erosion will be huge. Puts wont get what is due to them in a falling market. That is the trading trick you will see tomorrow.
Keep watching the market. Do not take any position until 9760 is not broken in nifty and 23540 is not broken in BNF.
Happy Trading!!!
But the close is at fresh high level.
IIP and Inflation data and quarterly results of Large Cap companies should give direction to the market.
Nifty Range 9760-9810 Bank Nifty 23540-23685.
Tomorrow will be a painful day for all call holders as the premium erosion will be huge. Puts wont get what is due to them in a falling market. That is the trading trick you will see tomorrow.
Keep watching the market. Do not take any position until 9760 is not broken in nifty and 23540 is not broken in BNF.
Happy Trading!!!
Sir please allow me to send this important message to sgx Nifty following visitors being they are many who are eggar to learn from you.
ReplyDeleteThis blog is open for all. The range you can mention there. People dont digest truth.
ReplyDeleteThis blog is open for all. The range you can mention there. People dont digest truth.
ReplyDelete