We picked today 26500 CE around 55 and our initial target was 110. But a message was sent to members previous day to wait till 3.20 pm and the risk is on only 2 lots. Last week it was 25800 CE which moved from 13.50 to 200. This week 26500 CE from 55 to 550.
Our trade was explained technically and all members were aware as to how we pick expiry call now. No blind game.
This month was not that much good for nifty. From last month close of 10783 it just moved by 160 points and came down sharp to 10408 and shown a good recovery during the last week of the month. Overall it closed below April month close but with a positive outlook for June.
Bank Nifty has risen 1400 points from previous month to close at 26953. This has rather propelled nifty to move in the last minutes of trade today.
Still nifty is not out of woods. It has to cross 10787 which was the low established on election results day. A close above this shall take nifty to 10881. If nifty is able to close above 10881 on a daily basis then surpassing all time high of 11185 is very much on the cards.
But we must wait and watch what is in store for us in June!!
Happy Trading!!
But we must wait and watch what is in store for us in June!!
Happy Trading!!
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