Nifty CMP 9154
Weekly closing below 20 day EMA weakens the structure.
Any move towards 9220-9240 next week should be watched carefully.
Alternatively
one may consider selling Nifty 21 May expiry 9400 Call option around 75-85 ( Cmp 78)
Take care & safe trading!!!
Weekly closing below 20 day EMA weakens the structure.
Any move towards 9220-9240 next week should be watched carefully.
Alternatively
one may consider selling Nifty 21 May expiry 9400 Call option around 75-85 ( Cmp 78)
Take care & safe trading!!!
Trade active:
This is daily chart
Target 8980 for Nifty spot
Target 8980 for Nifty spot
Trade active:
Nifty 21 May expiry 9400 Call update
Given sell @ 78
Cmp 36
Current profitability 75*(78-36)= Rs 3150/- per lot
Happy trading...!!!
Given sell @ 78
Cmp 36
Current profitability 75*(78-36)= Rs 3150/- per lot
Happy trading...!!!
Trade closed: target reached:
On Friday, although Nifty was in recovery mode in last 2 hours, we had suggested weekly closing below 20 day EMA weakens the structure & Accordingly we had positioned our trade
Result is in front of you.
Nifty has made a low of 8894 so far.
As I always say, charts do try to tell us a lot.
Learn their way of communicating & improve your chances of winning trades...!!!
Those who are interested can get in touch. Learn & grow
Result is in front of you.
Nifty has made a low of 8894 so far.
As I always say, charts do try to tell us a lot.
Learn their way of communicating & improve your chances of winning trades...!!!
Those who are interested can get in touch. Learn & grow
