Kinnari_Prajapati

Short at higher and magatic target is at control price for NIFTY

Short
Kinnari_Prajapati Updated   
NSE:NIFTY   Nifty 50 Index
Though nify price is rotating in a tight range, yet any resistance from above can play an important role for the seller.

Last Friday, I suggest buying BANK NIFTY PUT of strike price 29500, 39-43 for target...

I suggest sell NIFTY above the value high and buy below value below. As per this statement, green drew "control price" will be a target for a seller and a buyer. As a trader must look to trade when the market imbalance.

Expecting again tight range for Monday trading, because there is not important news.

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Following below points are important for Traders :
  • WPI inflation and Balance of Trade data for March will be announced on April 15.
  • Monetary Policy Minutes of MPC meeting held earlier this month will be released on April 18.
  • Foreign exchange reserves for the week ended April 12 will be announced on April 19.
  • 2019 Lok Sabha elections will continue to be a key factor to watch out for as it will decide which party will rule the country.
  • The risk is rising for taking fresh trade at higher zones.
Trade active: BUY 11700 PUT OF NIFTY between 51-59 with stoploss @49 adn targets 69-72 and cross if 75, then 92-127 (CMP @60)
Trade closed manually: EXIT FROM NIFTY PUT strike11700.. between 57-59 ... CMP 56 ... Risky traders can wait only. ...
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