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

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.

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. ...


your and mine both's views are matches... but you have given all clear reason .. mentioned all points... I appreciate
+2 Reply
@ashokakbari, thank you verym much, that why i already liked your posts too.
ashokakbari Kinnari_Prajapati
@Kinnari_Prajapati, Thank you so much
" Expecting again tight range for Monday trading, because there is not important news. ".....I think U missed the results of TCS & Infy in ur analysis which declared on Friday....
Thanks @BullBaba92 for like.
BullBaba92 Kinnari_Prajapati
@Kinnari_Prajapati, I liked the fact that the analysis not only focused just on the charts but the upcoming activities which would have an impact on markets. After all it is about having a comprehensive view of the situation and being prepared for it.
@BullBaba92, Point to note here is that I am a trader, not an advisor. Therefore, I have to focus on each point, even if news, fundamental, technical, psychological etc. I don't think that long term investors take their positional at this time.
BullBaba92 Kinnari_Prajapati
@Kinnari_Prajapati, Completely agreed with your point. Information flow is so critical in trading while another thing is to analyse and act on that information.
+1 Reply
@GaneshMishra you are doing great. Generally, I check your analysis. It's really good. Well, thanks for like.
Welcome back, @pk99133 Thanks for like.