NagarajuCFA

Nifty50 - Get ready for shorts at 11042

Short
NSE:NIFTY   Nifty 50 Index
get ready for shorts at 11042
Comment: It is in the high resistance zone. Can take risk of initiating a sell at 11130 spot level with a stop of 11300.
Trade closed: stop reached

Comments

Sir I have 10500 pe of monthly expiry at 70 , now it is at 52.25 tell me plz whether it is hold or exit.
+11 Reply
@vipulrai44, exit now, re-enter at 11100 level
+4 Reply
Many people got trapped @10800-820 because consolidation.
+1 Reply
I have nifty 23rd july 10750 pe, what should I do
+1 Reply
@kapil25, stay
Reply
@kapil25, for options. put a stop loss of 30%. depends on your entry level, determine the stop loss. You can always reenter with a good entry price / If stop loss is hitting, know that the entry price is wrong, eventhough we are right in the eventual direction, we couldn't win a trade. Entry is very important. likewise, exit for a trade.
Reply
Sir, i have gone through the charts
Seems like if nifty crossed the mark 10965 mark in the early trade of 20.07 , we can see the levels of 11126 .
If the index could not sustain below the level, nifty would get corrected to 10740 level by 21.07 .
If 10740 hold, we can see a big upside to 11140 level by 24.07 .I am not bullish above 11140 as it is the gann resistance points & weekly MACD may enter into a selling zone .
Reply
4 PEOPLE HAVE ASKED QUESTIONS BUT YOU ARE NOT ANSWERING TO ANY ONE. DO NOT PUT CHARTS ON THIS SITE IF YOU DO NOT WANT TO ANSWER FOLLOWERS. GIVE STRONG REASONS FOR SHORTING AT 11042.
Reply
Why specifically down? . Any reasons . It can also be upside as well.
Reply
If break the level 11042, what would be the target?
Reply
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