Sir, as per my study, initial -ve divergence till Jun 9 already played in June 9 fall and -ve divergence created due to today high also as Nifty fell below Jun 9 candle high.. Do not foresee any correction on account of -Ve Divergence.. Just my opinion Sir
srikartiram
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@traderIdoers, Good observation. I still expect some correction. I sold calls above 16000 in July expiry based on this chart. Lets see how it pans out.
nkj2304
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@srikartiram,
You seems to be correct. Nifty May correct upto 15660
sg2019
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@srikartiram, shorting nifty at this stage can be suicidal
srikartiram
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@sg2019, My success rate is just 60% - i'm a risk reward guy bro :)
Why do you think i will get a nightmare in one trade? I just short and keep 60 points stoploss that too i'm an option seller i shorted 16000 CE in July and i know how to manage that too even if NIFTY goes to 50000.
Trading is just a probability business, if something doen't work i will immediately change my colour. None of my posts will come without stoploss !
@bd702521, None of my posts come without stoploss, my success rate is just 60%. If this trade don't work absolutely i've no change in my routine :) I just visualized this pattern hence shared.