MUHURAT DAY - NIFTY AND BN LEVELS

Diwali trading day likely to have a positive opening where nifty/BN  tries to reach 11650/29550 to keep the sentiments positive, immaterial wherever it closes. 

Nifty range 11525-650   BN 29100-550.

During this week, I made an interesting observation. In spite of nifty touching lower levels, the buying comes in immediately and bulls do not give up the critical levels. It appears to be a bear trap when the recovery from bottom is more than 100 points every time. The approach we adopt is to wait and pick the CE. 

For example, yesterday we know 11600 PE can reach maximum of 150 when it was trading at 80/. we deliberately avoided buying PE and waited for PE to top out and then entered 11600 CE which was a risk free trade. 

My bet on nifty/bn is buy on dips as long as 11575/29050 is held on a daily close basis. Use the high low mentioned to enter and exit on long/ short to make gains. 

If nifty tries to make a big swing, we will not miss it for sure. In Tamil there is a saying, only a snake knows the move of other snake.  

பாம்புக்கு பாம்பின் கால்கள் தெரியும்

Good Luck !