AnantTrader

Nifty to retest 7500 level in April expiry

Short
AnantTrader Updated   
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

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