Nifty future moved up in the afternoon as expected and closed at 9975. Bank Nifty also closed very near to resistance level 24422.
If nifty and BNF are able to have a good gap up to surpass 9986 and 24422 then next hurdle is the high point of the new expiry, 10018. Once these hurdles are crossed one can have a sky walk up to 10100/120.
In all probability this weekly expiry should bring cheers to bulls by crossing the above critical levels.
One must be alert in booking profit at the above levels are keep trailing SL order to ensure profit is booked.
If our market is able to cross the above numbers and inching towards previous high of 10150, do not hesitate to be long in this market.
Tips: Buy 10100/10200 CE and make a minimum of 30-60% profit.
Happy Trading!
I have bought 10100 CE at the rate of 51.85. it is correct rate sir. But today morning it was 43.45.. pls say how to buy correct put or call ...?
ReplyDeleteIt is ok. Above 47.45 it is buy. Hold it with strict SL 36. Exit at 73/86
ReplyDeleteOnce you know the place where index takes support or face resistance go for call or put. Today around 9805 it took support and 9886 is resistance. You know support and resistance for tomorrow.
ReplyDeleteIndex mean sir nifty....?
DeleteSir I am confused.. this index no is correct... I mean it is nifty....?
DeleteSir I am confused.. this index no is correct... I mean it is nifty....?
Deletenifty future
DeleteSir, it seems Nifty would be -be tomorrow and range would be for safe trading 100007 - 9942.10 Your opinion please.
ReplyDeleteInstead of -be please read -ve.
DeleteAgain correction: pl.read 10,007
Deletethe see-saw game has started again.since 8th is GAAN date better to avoid longs.
Delete