It is very interesting to see that Nifty Futures is capturing the highs made during the March week after week. This is the third consecutive week we are likely to end with gains. If we cross 10490 today, it means that we have regained the position where nifty future was trading on 16th of March 2018 after touching a low of 9960.
Now the high for the March month was 10639.40. We should see whether Nifty future will be able to capture this level or not?
Shorting of index and picking PEs should be avoided during next week unless the trend reversal is visible. PEs have made new bottom and closed below 15 days low.
Bank Nifty has not yet crossed 25280 which is a very crucial number.
It all looks like both index are going to remain in buy mode during next week.
Be long. Be alert at 10540/10640 while you are long. Reap profit as much as you can.
Strategy for option trading is given to members on board!
Happy Trading!!
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