Nifty 18232- Volume study suggests nifty move is short covering or fake price raise by operators as de selling volume is decreasing while price is increasing. Market data suggests money makers have bearish position. Trend decider 18220.
Trade closed: target reached
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Target 2 reached : nifty dec12 18300 pe 183 @ 13:40 on 3/1/2023 - Booked profit at 219 @ 10:12 at 4/1/2023
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Refer : Yesterday trade activity - Jan 3- Nifty 18201 has resistance around 232.Shorts could be considered around this resistance. Jan 3 -trade entered : nifty dec12 18300 pe 172 @ 10:14 22 hours ago-Nifty 18203 - After hovering around 18232, Nifty is showing some sign of weakness with reduction in buying volume 22 hours ago-Trade closed: target reached:Target 1 achieved - nifty dec12 18300 pe 172 @ 10:14 - Target 1 @ 192 at 12:20 21 hours ago-Trade added : nifty dec12 18300 pe 183 @ 13:40
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Final closure : nifty dec12 18300 pe 172 @ 10:14 on 3/1/2023 - Profit booked at 255 @ 11:50 at 4/1/2023
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Trading Plan : Calls could be considered around 18010 and PUTS around 18145