Nifty futures danced to the tune of Dow Jones but after touching 9910 in the first 15 minutes, it was moving around 9915 for quite some time. As expected nifty took an up move and touched 9955 and closed around 9945 in the end.
The close and the negative sentiment was not much as anticipated in the morning.
Tomorrow being weekly expiry we can expect some limited move in Nifty as well as Bank Nifty.
If Nifty future is able to hold above 9966, we can expect a good rally unto 10010.
Bank Nifty should cross 24372 in 15 minute candle for a rally up to 24486.
Till the time Geo Political situation prevails, nifty is likely to trade between 9750-10018 range. In case of war or no war situation, we can expect 9400 or 10200.
10100 CE has not reached SL of 36 and it closed above 44. Exit at 55.75 and we can again find a better trade in PE if the market is ready for a big fall.
Happy Trading!
The close and the negative sentiment was not much as anticipated in the morning.
Tomorrow being weekly expiry we can expect some limited move in Nifty as well as Bank Nifty.
If Nifty future is able to hold above 9966, we can expect a good rally unto 10010.
Bank Nifty should cross 24372 in 15 minute candle for a rally up to 24486.
Till the time Geo Political situation prevails, nifty is likely to trade between 9750-10018 range. In case of war or no war situation, we can expect 9400 or 10200.
10100 CE has not reached SL of 36 and it closed above 44. Exit at 55.75 and we can again find a better trade in PE if the market is ready for a big fall.
Happy Trading!
Good evening Sir, As advised I didn't buy any call for tomorrow. But I found 9950 CE @78/80 was very attractive but as you said gann on 8th. I too believe the movement of Nifty would be in a very short range tomorrow. Thanks Sir once again.
ReplyDeletewe will focus on Put tomorrow. I will post tomorrow during trarding hours
ReplyDeleteI will wait for your post tomorrow sir.
ReplyDelete24300PE moved from 16-33 thrice. It was risky.that is why did not give.
ReplyDelete