Today Nifty traded started off with a gap down of nearly 30 points from previous close, recovered immediately and started trading in a very narrow range before crossing previous day high of 10324. But all the gains made during the day have been wiped out and Nifty future closed at 10370.
Bank Nifty also shown some uptrend in the fore noon but that too tumbled down to 25816 before closing at 25857.
Both the index have given a clear indication that any up move is possible only after this expiry. Any rise in index is sell and 10300/350 PEs look better at single digit price for multiple returns. One can try with minimum investment to multiply the money fast.
It all looks like Nifty expiry could happen around 10300-325 and Bank Nifty around 25500-650.
All our members exited from longs with a trailing stop loss around 10410. We will enter only when clarity emerges in index move.
Till then we enjoy life!!
Follow the 7 Rules of Life ! Life is simple .. Enjoy.. Do not complicate by too much of thinking.
Bank Nifty also shown some uptrend in the fore noon but that too tumbled down to 25816 before closing at 25857.
Both the index have given a clear indication that any up move is possible only after this expiry. Any rise in index is sell and 10300/350 PEs look better at single digit price for multiple returns. One can try with minimum investment to multiply the money fast.
It all looks like Nifty expiry could happen around 10300-325 and Bank Nifty around 25500-650.
All our members exited from longs with a trailing stop loss around 10410. We will enter only when clarity emerges in index move.
Till then we enjoy life!!
Follow the 7 Rules of Life ! Life is simple .. Enjoy.. Do not complicate by too much of thinking.
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