Nifty opened again gap up but not able to cross previous week close of 12180 and closed near 12126. If Nifty closes above 12190.30 today, then only it gives a positive bias.
We may probably see a range bound trade today also. The trend for the day is likely to be a weak opening and weakness to persist till 11.30. Later during the day, it could pick momentum. If we happen to see a close above 12191 we can see the start of the new expiry with a positive note.
Last 45 minutes of trade assume greater importance today with a total change in the trend. Do not get caught on the wrong side of the index.
Keep 12100/150 CE in focus as it could give multiple returns.
Yesterday was a great day where we did 2 successful trades. We exited from previous day carry over of 12100 Ce and again we entered 12100 CE around 37-44 and exited with decent gains. Most of the members were thrilled to see the sharp bounce back from the suggested price. One must experience to believe as it looks like a tale.
Good Luck!
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