The index showed high volatility as expected. The VIX shoot up to 22.8% during the day and finally cooled off to 19.% at EOD. Good rally from 10105 to 10375 was anticipated. Members were given the level of 10160 for a gain of 25-30%.
Since the VIX was high, no carry over has been suggested and only intra day trade was suggested. Those picked 10500/600 CE have booked more than 30% profit as the entry was around 70 and exit above 100.
10400 -450 looks very crucial and index may find it difficult to sustain the level. Extreme caution is needed if any one goes long at this juncture.
Bank Nifty weekly expiry can see maximum 25375 and on the lower side 24906.
Happy Trading!
No comments:
Post a Comment
Note: only a member of this blog may post a comment.