!!CAUTION!! IN NIFTY INDEX

Nov 24, 2019

PLEASE NOTE:-
THIS IS A VIEW ON NIFTY INDEX NOT A SUGGESTED TRADE
SINCE I DON'T TRADE WITH MONTHLY POSITIONS

!!CAUTION!! IN NIFTY INDEX
-AS WE SEE THERE IS A CLEAR DIVERGENCE IN NIFTY INDEX ON MONTHLY CHART
-MOMENTUM INDICATORS ARE LOSING MOMENTUM
-CLEAR "DIVERGENCE" IS VISIBLE ON THE INDEX MONTHLY CHART
-WE HAVE CLEARLY HIT RESISTANCE ON WEEKLY CHART
-DAILY CHARTS ARE SHOWING SIGNS OF REVERSAL

TRADEVIEW
:-I SEE FURTHER WEAKNESS
:-SINCE HOLIDAYS ARE APPROACHING NEXT MONTH I SEE LESS INSTITUTIONAL ACTIVITY
:-MONTHLY CHART DIVERGENCE IN PRICE AND RSI INDICATOR SHOWS BRUTAL DOWNSIDE
:-I HAVE STARTED TO ACCUMULATE NIFTY 26TH DEC PUT OPTION OF 12000 STRIKE PRICE(IN THE MONEY RIGHT NOW)

TRADE IN ACC. TO NIFTY SPOT RATE (PLEASE ADJUST FOR FUTURES)
SHORT @11950-11980
STOP @12100
TARGET 1@11820
TARGET 2 @11680

MORE TARGETS WILL BE VISIBLE AFTER THE ABOVE TARGETS ARE BREACHED

Nov 25, 2019

Note

Have added more shorts around 11980 and and 12050 stop increased to 12150

Nov 26, 2019

Trade active

Nov 28, 2019

Trade closed: stop reached