Last week I have very clearly indicated the investors not to expect a big fall after reading the chart. 36 scrips out of 50 have already gone in to bearish mode as the next week opens. Bank Nifty is holding up due to HDFC Bank and ICICI Bank moves.
Nifty is on sell on rise mode while BN likely to take one more session to enter into bearish mode.
Range for last week was absolutely perfect with 11800 being protected. Check my previous posts.
This week range Nifty 11750-12025 Bn 31483-30079.
Best trade of the week screen shot has been posted. Once the levels are known, prices are available and SL and targets are given it becomes easy to enter in to options trade.
Our TRADE STRATEGY:
We do not chase momentum. We do not get worried about gap up and gap down situations. We take trade only when we feel price and targets looks achievable. We try to make every trade successful.
Good Luck!
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