- Applying Fibonacci to the rally from 7511 to 9889 levels we observe that 8980 levels represents an important 38.2% retracement
One may consider selling Nifty 15 May expiry 8900 Put option cmp 47
Target 0
Be alert if Nifty goes below 8980
Strategy has in built loss protection for a fall up to 8854
Take care & safe trading...!!!
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Nifty 8900 Put update
Sold @ 47 CMP 24
The strategy has worked very well with ample safety as well.. Hope you guys enjoyed.
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Wow what a recovery. Did u make the most of it or are you surprised with the recovery. What if I tell you charts did give us a clue that it may recover. Well, It just mirrored the pattern of previous day. Have a look at it & see the wonders of chart analysis for yourself
Game of Nifty...
In last 2 trading sessions Nifty opened gap up & came down by EOD.
Today it opened gap down, & has bounced back more than 170 points intra day.
Kind of mirrored the pattern. This chart analysis was also at the back of our mind for entering As I have always said, Charts do try to tell us a lot. The only question is are you listening. If you are interested in learning and improve your chances of winning, you may get in touch...
Happy learning...!!!
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Nifty 9462 Nifty has come up on news,bb One may consider selling Nifty 14 May expiry 9700 call option around 58
Trade active
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Nifty has opened up on News but on charts it opened at resistance
Trade active
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Looks like we will be back again at the blue line
Nifty Expiry strategy update
8900 Put option (Recommended sell @ 47 Closing price 4.5)
@KonHe, Yes indeed. Nice to know u were able to capture... :-)
Being expiry day, movements can be crazy. And that was just the moment.
Have a gr8 day ahead & happy trading...!!!
Poison_1907
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Hi, what is the expectation from here for today and tomorrow, what can you interpret from the charts
indiamarketoutlook
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@Poison_1907, as was suggested, 9260 level may possibly act as resistance, we updated the time line accordingly. Hope you were able to keep track of it...