It was indeed a spectacular move where nifty ended with a smart recovery of around 90 points. The reason for such a bounce back is due to expiry as well as roll over of positions. Unless index moves up no one will be really interested in taking positions.
Be long only when NF crosses 9920 and BNF 24400. If index sustains these levels for 15 minutes tomorrow then we can expect a good rally similar to today.
Target for Nifty 9970 and BNF 24610. Take call options accordingly.
Buy 24500 CE below 5.00 if you happen to get before 12 noon and look for gains. After 2.30 PM buy CEs only if BNF crosses 24400 and Nifty future crosses 9920. Till then wait and watch.
Happy Trading!!
I failed to buy 9900 PE @34/- at 3:29 pm today.My system was not responding properly.
ReplyDeleteSir, Your advice on 9920 helped me a lot.Thanks once again.
ReplyDeletegreat going....You are doing extremely well
ReplyDelete