NIFTY LONG

Work with hedge, go all out above 16816 spot. Target 19091 spot. TF 2-3 months.
Minor low below today's low is buying opportunity.

Trade active:

Long average @15885F with weekly 15900 CE written as overnight hedge @215.

Trade active:

Long average now scalped down to 15785F, CMP 16012F, . Hedge ( Weekly 15900 CE short @215) still holding, currently in minor loss. Now need a follow up green day as confirmation to close hedge.

Trade active:

Now above today's high target 17500-17900 for now, will review there.
Can go sideways down here, buy dips, keep hedge. Go all out above today's high.

Trade active:

On track, keep buying dip.

Trade active:

TSL 16848. Target-178XX/187XX/19091 step by step..

Trade active:

Above 17360, can move TSL to 17000 spot.

Trade active:

Can move TSL to today's low.
However if hits, buying the dips with hedge can be started again for the next leg up.

Trade active:

TSL gone, but can hold with tight hedge.
I have written 17150 CE.

Comment:

Hold long with Hedge, sustaining above 17500 remove hedge. Dips till 17250 will be buying opportunity if comes. Will update next in the weekend if necessary.

Comment:

Now expecting some downside next week before rally resumes till near 18K.
Can short there with SL 18K sustain or 18350 touch basis

Trade closed: target reached:

Target reached, trade closed.
Fresh upside sustaining above 18000 or going above 18350.