Nifty could be losing steam

Sep 25

Nifty could be possible losing steam. Although BN looks strong due to HDFC Bank, the same might not be applicable to Nifty. There could be sideways action only leading up to this expiry.
However, if 25,880 is breached on the downside, there could be a correction up to 25,650 level.
Stand by!

Sep 25

Note

No sign of further weakness as of now. 25,860 is the level to watch out. For now, it is intact.

Sep 25

Trade active

Carrying a hedged Long overnight. Anticipating a gap up. Nifty is showing more Bullishness at this moment.

26,000 CE Buy - 03 Oct Expiry
26,300 CE Sell - 03 Oct Expiry

Sep 30

Trade active

I had exited the 26,000 CE Buy - 03 Oct Expiry last week itself.
Holding the 26,300 CE Sell - 03 Oct Expiry and it is giving good profits.
Nifty is expected to fall till 25,880 zones and then will need to see if that level hold or not.

I will take fresh view only after the current fall completes.

Oct 1

Trade active

I'm anticipating Nifty to fall further to 25,675 levels. There is no obvious sign yet of any reversal in place.

Stay tuned!

Oct 1

Note

Nifty forming a base. Stay tuned. Possible reversal setting up.
25,865 is the level to watch out for. If it breaks on the upside in the post 13:30 session, it could lead to possible short covering.

Oct 3

Note

Do not go long on Nifty, this upside movement is a trap. The levels given earlier still hold for Buyers to kick in after short covering.

Stand by!