The beginning of the week witnessed a wild move on the upper side and nifty futures kissed 10167. But it tumbled down, unable to sustain the new high.
Many Experts have said Nifty was not showing any weakness and highly bullish bla ...bla...
But no one knows the real reason for a fall of 100 points from high. But the technical charts have already revealed the hairline crack happened in the index.
If Nifty futures does not go beyond 11114/11167 in this week, one can conclude that the journey towards north is almost over.
Lot of investors have short CEs and still waiting for dip must hold their position and square off when nifty futures reaches 10918/10883.
Wait for my Budget day levels which I will post today. That will be a special posting with most accurate possible index movements - both nifty and bank nifty - on higher side and lower side. Minimum / maximum intra day move of both indices, will be provided.
One can take that as a bench mark and go in to trade.
Options picks will be sent to members before hand for a good catch.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.