Nifty and BNF had moved up as expected. But both the indexes have not closed above the 9920/24475 to confirm upward move. The index is likely to be on the sideways till such time.
Since the index have been bearish from the beginning of this month, it is necessary for the market to be bullish till expiry so that fresh long positions are created in the market. If that does not happen it means that there could be yet another slide. Let us hope bulls will take control of the market for some more time.
Nifty Positional levels bullish above 9960 - Target 10080.
BNF Bullish above 24450- Target 24880/25366.
Tips for Trade: Buy 24700 CE at Mkt price when BNF crosses 24450. You can exit at 180-200. Do not try any other OTM.
Else try 10000 CE at CMP when NF trades above 9960 for more than 15 minutes.
Happy Trading!!
Sir I took 9900PE @34/- at 3:21 PM today!
ReplyDeleteCongrats!!!
ReplyDeleteThanks Sir
ReplyDeleteSq.up @ 63…10 only.
Hold on to put.
ReplyDeleteHold on to put.
ReplyDelete