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Caapinves
Jun 5, 2020 5:51 AM

Nifty - Bearish ABCD Pattern - Short Short

NSE:NIFTY15
Nifty 50 IndexNSE

Description

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Nifty has formed Bearish ABCD Pattern.

We can go Short once nifty reaches near 10230 - 10250

Target 1 - 10100

Target 2 - 9900

SL - 10400

For Option Contract:

Sell - Call Option - 10300 CE
Sell - Put Option - 9500 PE
Buy - Call Option - 10400 CE
Buy - Put Option - 9400 PE

Disclaimer: Kindly do your own analysis before executing trade

Trade active

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Shorted @ 10250

Trade active

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Target 1 Reached 09/06/2020

Trade closed: target reached

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Harmonic PatternsAB=CD
Comments
kishansm
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Which put Is good now???
Caapinves
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@kishansm, - Go 10100 PE
kishansm
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9900 put what to do?
Caapinves
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@kishansm, - It has Little Risk.. But go for Sell....

Sell 9900 PE
kishansm
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@Ashok_Rajkumar,

And what about 10400 call?
Caapinves
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@kishansm, As per my analysis.. i have sold 10300 calls itself... as per my thought nifty will not cross 10400 CE
iammahesh4
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@Ashok_Rajkumar, SGX nifty at 10389 high
Caapinves
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@iammahesh4, - It has strong resistance in 10350... It may move down to 10150- 10200 before SGX Day market opens....
iammahesh4
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@Ashok_Rajkumar, i think u should sell after reaching resistance or 10250 mark..
Caapinves
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@iammahesh4, - Yes. I will Short the Nifty When it's retrace to 10250 to 10300...

I have sold only Call Option with a Maximum Risk of 100.... by Hedging the Script...
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