rajender.kundhuri

FINNIFTY triangle pattern on 23rd may

NSE:CNXFINANCE   Nifty Financial Services Index
FInnifty is forming triangle pattern and it should break either way. But looking at the OI data this might end up in range bound or mostly towards 19089 level.
BUY Above 19431(FINNIFTY 19350 CE) Target 19465,19497,19534,19587
SELL Below 19268 (FINNIFTY 19350 PE) Target 19212,19147,19089
Trade closed manually:
we did hit our target 1 because of premium decay we didn't had much move. Those who took the next week expiry they should have made good profit.

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