The expiry trade was with in a very narrow range in Bank Nifty and closed below 25000. Nifty future also moved in the same way.
The move for the last two days clearly indicates that Nifty does not want to give up the gains made on Monday. With today's move it is confirmed that Nifty future has strong support at 10080.
The trend remains intact. Positionaly Nifty is in buy mode.
Keep holding the CEs as we are very close to all time high 10149. A daily close above this level means marching towards new high, 10400.
Do not panic! Be bold enough to carry the CE and complete the first step of our Positional call!
Happy Trading!
The move for the last two days clearly indicates that Nifty does not want to give up the gains made on Monday. With today's move it is confirmed that Nifty future has strong support at 10080.
The trend remains intact. Positionaly Nifty is in buy mode.
Keep holding the CEs as we are very close to all time high 10149. A daily close above this level means marching towards new high, 10400.
Do not panic! Be bold enough to carry the CE and complete the first step of our Positional call!
Happy Trading!
Sir,
ReplyDeleteIs it to be seen in other way round that nifty unable to move any further immediately before expiry. Its only an innocent enquiry from my within innerside.
Power of positive thinking.Welcome to the game of zig zag √ ₹₹₹₹!
DeleteThe trend is up. PEs are not in buy mode as of now. When PE enter buy mode we must exit CE.
Delete