Dear Trader,
Index is gone thru turmoil due to global sentiments.
Now its time for recovery. Lets analyze how the Index can recover & what can be the level.
39400 was good Support which hold the Selling Pressure in last month but this month Index broke & retesting it.
If Buyers again regain the level, we have first Target 39700 level.
39700 level can be crucial. If this area surpass swiftly, we can see 40700 level soon in Monthly Expiry.
I have released Bull Spread in 39100/200 area
Bought 3 Lots of 40000 CE 29th March @ 325
Sold 6 Lots of 40500 CE 29th March @ 170
Will Exit trade in two condition.
If Index moves below 38800 level OR If Index reach 40700 level.
Index is gone thru turmoil due to global sentiments.
Now its time for recovery. Lets analyze how the Index can recover & what can be the level.
39400 was good Support which hold the Selling Pressure in last month but this month Index broke & retesting it.
If Buyers again regain the level, we have first Target 39700 level.
39700 level can be crucial. If this area surpass swiftly, we can see 40700 level soon in Monthly Expiry.
I have released Bull Spread in 39100/200 area
Bought 3 Lots of 40000 CE 29th March @ 325
Sold 6 Lots of 40500 CE 29th March @ 170
Will Exit trade in two condition.
If Index moves below 38800 level OR If Index reach 40700 level.
