Rules always not be overrulled - Please read carfully in Below
Nifty confirmed the Trend line breakout all are happy and all are very bullish.. But I am just saying about the rules of Technical Analysis. Which are as follow.
But any trendline breakout 100% sure after closing above or below 1% or hold for atleast 3 Days.
In the case of the NIfty both situation will be yet to come not happen yet.
as Well as the Nifty will face the resistance near 11700 and Yesterday's High is very crusial 11680.
As I said Earlier Without Kotak and HDFCBank we can no cross this Hurdle and In both case they both are getting Hurdle. they both are getting huge selling pressure.
Moreover the similarly trendline on the Dowjones charts and its fail to cross atleast in last trading session
Europe and America are not agree to establish the tradewar in between them.
So all and all I am not saying that Nifty is Bearish but saying the Some Put are so cheap I think Buy 11500 Put which will be available between 20-25 on next trading day buy for huge return if Nifty is not able to cross 11680
Risk Reward is good at current leval
Happy Weekend
But any trendline breakout 100% sure after closing above or below 1% or hold for atleast 3 Days.
In the case of the NIfty both situation will be yet to come not happen yet.
as Well as the Nifty will face the resistance near 11700 and Yesterday's High is very crusial 11680.
As I said Earlier Without Kotak and HDFCBank we can no cross this Hurdle and In both case they both are getting Hurdle. they both are getting huge selling pressure.
Moreover the similarly trendline on the Dowjones charts and its fail to cross atleast in last trading session
Europe and America are not agree to establish the tradewar in between them.
So all and all I am not saying that Nifty is Bearish but saying the Some Put are so cheap I think Buy 11500 Put which will be available between 20-25 on next trading day buy for huge return if Nifty is not able to cross 11680
Risk Reward is good at current leval
Happy Weekend
Comment:
Market is not looking weak---------------------