Extreme bearish trend given global cues and weak rupee. Trend likely to continue if Friday low is broken, Nifty is going to be extremely bearish.
Conviction bearish
Bias bearish
Trading Ideas
Long above 16231 Target 16282/16352
Short below 16172 Target 16142/16084
>>Option buying
Long Position: Buy 16300 CE
Short position: Buy 16100 PE / 16000 PE
>>Option Selling
Sell 16500 CE (if 16172 is broken sell 16200 CE)
-------------------------------------------
Disclaimer
Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.
The information presented in this educational material is not intended to be
used as the sole basis of any investment decisions, nor should it be construed
as advice designed to meet the investment needs of any particular investor.
Nothing in this course constitutes legal, accounting or tax advice, or
individually tailored investment advice.
WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE.
WE ARE NOT SEBI REGISTERED.
Conviction bearish
Bias bearish
Trading Ideas
Long above 16231 Target 16282/16352
Short below 16172 Target 16142/16084
>>Option buying
Long Position: Buy 16300 CE
Short position: Buy 16100 PE / 16000 PE
>>Option Selling
Sell 16500 CE (if 16172 is broken sell 16200 CE)
-------------------------------------------
Disclaimer
Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.
The information presented in this educational material is not intended to be
used as the sole basis of any investment decisions, nor should it be construed
as advice designed to meet the investment needs of any particular investor.
Nothing in this course constitutes legal, accounting or tax advice, or
individually tailored investment advice.
WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE.
WE ARE NOT SEBI REGISTERED.
