- On charts we observe a Bullish Harami candlestick pattern - On previous 2 occasion Nifty pulled back to at least previous highs - Will we be 3rd time lucky??? - Pattern gets invalidated if Nifty closes below 13131
Data analysis reveal Retail participants were mostly Put buyers yesterday... Market seldom obliges herd mentality of Retail traders. So be cautious...
One may consider selling Nifty 13300 Put option CMP 35
For a detailed F&O data analysis report you can message me your email address in comment section below or in Private message...
Take care & safe trading...!!!
Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
Comment
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9:21
By the time I typed and posted the price of Nifty has zoomed to positive territory...
Trade closed: target reached
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Strategy to sell 13300 Put option gives the desired results...