Hello, As I said in my yesterday post that once Nifty will sustain below 12100 it may test 12035-12050. Now problem is that 12035-12050 level was on radar for many retail traders because of gap. Many traders also made long position from this gap. It will be the best business if market is this much easy. As per my analysis still there is a 50% chance that Nifty will test below 12000 level and make bottom near 11950-12000 zone. Ads I believe "bhav bhagvan che", I will wait for the price conformation before take a long trade.
Trade Well.
Trade active
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Carried Position: Short 12200 Call @ 40 - Closed @ 15 Short Future @ 12110 Booked 50% @ 12155 and 50% carrying
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Forgot add one more point. It is also possible that Nifty may be sideways between 12000 to 12115 zone till the budget