JUDEBOY

pathfinder 20 july Nifty and weekly options of 23 july

Long
NSE:NIFTY   Nifty 50 Index
Bull case=Chart says it all


Bear case=Also Hdfc Bank will announce its results tomorrow...Once the news is out as per expectations,it will correct.(if news is bad it will collapse).........bringing banknifty down...............Reliance also has retraced the fall...if it resumes its downside it will bring nifty down...same goes for Infy ...........all 3 heavy weights comming down will bring the market down...these are things on the back of our minds when trade opens on monday......and trade accordingly.....So I will post a chart incase rally fails and goes down.

Comments

VERY GOOD OBSERVATION. IT ALL DEPENDS ON HDFC BANK PERFORMANCE ON MONDAY. WHERE ARE YOU EXPECTING RELIANCE TO BOTTOM OUT I WANT TO BUY RELIANCE.
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JUDEBOY ckirtane
@ckirtane, Reliance bottom is 1700 to 1800...
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JUDEBOY ckirtane
@ckirtane, Hdfc bank may correct after a rally...
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JUDEBOY ckirtane
@ckirtane, Just curious ,,,what do you trade..futures and options too?
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