Nifty what’s our view and trade

Nifty 18593 - Resistance at 18630 and support at 18536,18455.
Carried position : 15 June 18600 PE @ 117.

Trade closed: target reached

Typo error in : Carried position : 15 June 18600 PE @ 117.

Corrected : nifty 18650pe @117 at 09:21 on 5/6/2023 - Closed at 145 @ 11:15 on 6/6/2023

Note

18536 worked as perfect support..

Trade active

nifty Jun 22 18650 pe @117 at 09:43

Note

Nifty 18653 - is trying to hold on support 18603 .
18622 - 18603 is the region to check out.

Trade closed: stop reached

Stoploss hit..

Trade active

nifty Jun 22 18650 pe @120 at 12:27

Trade closed: target reached

Closed @148 at 14:19

Note

Reason for initiating trade at 18630 and closing at 18564 in chart

Note

Reason for trade initiated : we had mentioned in june 6 posting that resistance is at 18630.(Jun 6 :
Nifty 18593 - Resistance at 18630 and support at 18536,18455. ). Nifty went pass above the resistance on previous day and when it fall back yesterday it couldn’t sustain 18630 as it’s support. So short trade was initiated at 18630. When nifty test the lower trend line at 18564, trade was closed and profit booked..

subravi

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