Today Nifty futures climbed high and recouped all the losses made in the last three sessions there forming a big green candle.
The most expected happened. On Friday, BNF closed with an uptrend indicating further momentum. Now Nifty has to follow bank nifty to stay above 10700 once again in this month.
It is expected to touch 10784 again. A close above this will lead to 10859.
Both the index are in buy mode.
Today we picked 25900 CE at 72 for a target of 92.80/116. The second target was short by Re 1.00 as the CE went up to 115 before closing at 110.
Hind Petro PE 270PE bought at 3.80 hit our target 5.00.
Trend is up. It is strange to see nifty shedding 180 points again climbing up. Whether bull run will last till Karnataka elections or may fizzle out?
No point in worrying about it. We go by trend. Happy Trading!!
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