Nifty: 24 Dec weekly expiry range prediction
Updated
Nifty
- Yesterday, on the Technical Analysis front, we highlighted Bullish Harami Candlestick pattern suggesting up movement
- F&O Data analysis confirming stronger hands on buy side (FIIs buying Index Futures & Proprietary traders selling Put Options)
- After opening & trading in red, Nifty immediately jumped in to positive territory and managed to close 135 points higher at 13601 just 18 points above 13583 resistance levels mentioned
- So far so good…
Today we are giving an expected range for weekly expiry. Markets are dynamic and not a necessary it would happen. Use it for educational purpose only
- This is not a trading decision
- we are not recommending any fresh position today
- in our last Nifty update we had given a trading strategy to sell 13300 Put options
Continue to hold and let it expire worthless and ensure complete profitability on that.
A detailed report has been shared late last evening with those who have shared their email address.
If you are interested share your email address in Private message
Take care & safe trading...
- Yesterday, on the Technical Analysis front, we highlighted Bullish Harami Candlestick pattern suggesting up movement
- F&O Data analysis confirming stronger hands on buy side (FIIs buying Index Futures & Proprietary traders selling Put Options)
- After opening & trading in red, Nifty immediately jumped in to positive territory and managed to close 135 points higher at 13601 just 18 points above 13583 resistance levels mentioned
- So far so good…
Today we are giving an expected range for weekly expiry. Markets are dynamic and not a necessary it would happen. Use it for educational purpose only
- This is not a trading decision
- we are not recommending any fresh position today
- in our last Nifty update we had given a trading strategy to sell 13300 Put options
Continue to hold and let it expire worthless and ensure complete profitability on that.
A detailed report has been shared late last evening with those who have shared their email address.
If you are interested share your email address in Private message
Take care & safe trading...
Note
9:46Nifty 13695
Nifty opened at 13672 just 2 points near our 13674 levels mentioned.
Do note these levels have been mentioned in my previous reports as well.
As per latest Options data
Prima facie Support is shifting upwards from 13530 to 13600 / 13630 levels.
Our view is still the same and that is to avoid buying any Call or Put options today
Take care and safe trading...!!!
Note
Nifty Update 1:17 pm13687
Still trading very close to 13674 levels.
At 9:46 am we updated that as per data analysis Support is likely at 13600-13630 levels
Low made around 11:30 am
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Happy & safe trading...!!!
Note
Nifty opened at the upper end of our range and closed well above our expected level... We did get the bottom right but we did not trade. We were clear with our plan. Not to be tempted to trade in Nifty today.
We are happy with the positions taken earlier in the week... 😊😊
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Wish you all a very happy and Merry Christmas...
Enjoy your Long weekend and take care...!!!
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