Nifty to retest 7500 level in April expiry

NSE:NIFTY   Nifty 50 Index
1. April Derivative data suggest current 9000 level touch is at low volume , there is price - volume divergence.
2. Nifty unable to sustain at 9000 level
3> SL 9100

Use option bear spread to benfit from this move. Trade using future is not advisable as moves in this zone will be jettery.
Trade active: SL need to be change 9300 as there is gap up opening expected
1. RBI governer address.
2. Global markets jumped 2% and more.
3. Corona is just scapegoat of media, real reason will be seen once the corona phase is over.
Trade active: Keep the sL 9345 open price today's
Trade closed: stop reached: Trend line broke sl reached


7500 levels seems very unlikely - can you please share more data on which you have based your analysis.
AnantTrader duzduz406

1. Fall is more severe than 2008
2. Job less claim rised all time high in US
3. Its a dipression we are in not recession.
4. So if you look at dipression chart, index retraced as good as 10%-15%.
5. Current move is not supported by open interest.
It is declining contantly.
duzduz406 AnantTrader
@AnantTrader, overall I agree with the premise and hold a bearish view. however, 7500 levels in aprils expiry is unlikely. might see that towards may end or june.
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