Nifty what’s our view

Nifty 17648 has shown bullish divergence. We expect nifty have potential to move to 18070.
17565 will be the support and trend decider. Will be keep going long with this support.

Note

Trade entered : Nifty Feb 9 17500 CE @ 316 at 10:15

Note

Target 1 achieved : Trade entered : Nifty Feb 9 17500 CE @ 316 at 10:15 - Trade closed @ 337 @ 10:44

Note

Nifty 17573 - Buying interest coming in but selling interest declines.
Possibly for a spring chanc3

Trade closed: target reached

Target 2 achieved : Trade entered : Nifty Feb 9 17500 CE @ 316 at 10:15 - Trade closed @ 354 @ 13:18

Note

Investment : 100 * 316 = 31,600
Returns : 50 * 337 + 50 * 354 = 16850 + 17700 = 34550
Profit : 34550-31600 = 2950 ( 9.3 % )

subravi

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