Nifty : At Cross roads

NSE:NIFTY   Nifty 50 Index
CMP 10789

- Nifty is trading above the breakout line but is struggling to stay afloat....

- Given the set up one may consider selling 16 July expiry Nifty 10800 Call option between 80 -100 currently trading at 86
Target 37 / 0

Keep a Stop Loss at 107.50
Comment: Nifty 10800 Call Option Update

Yesterday it gave ample opportunity to sell between 80-100

CMP 45

Consider booking profits as per risk appetite.
Or consider booking partial profits and keep a revise Stop Loss at 73 for Balance position to ensure profitability in trade

Happy trading...!!!
Comment: Nifty 10800 Call option 1st Target of 37 achieved
Nifty 10800 Call option update
CMP 25

Revise Trail Stop Loss to 45 to ensure profitability in trade

Happy trading...!!!
On July 07 we had given a possible target set up for a fall up to 10550...

That target is almost done today. Nifty Spot low so far 10562.90 & Nifty Futures Low so far 10553


Sir ji Great Prediction
+1 Reply
Great analysis
+1 Reply
Great Sir
New update? What next post hammer view at 10550-10570
@Abhishek0011, My dear friend, ye SHER Market hai, SHER Ke saath jitna jyada uljhoge utna jyada Chance aap Sher ko doge aap ko kha lene ka....

I don't try to capture each and every move... Neither that is my objective - that I should be able to capture each and every the top and I should be able to capture each and every bottom. I am a very passive trader.

Look at it as a Game of Chess. when U play Chess do u play from both Black & White counterparts...? No, right...

Same here,

I played my move and that structure is complete. Now, I let Market play its turn and then accordingly I look to plan my next... :-)
+2 Reply
Abhishek0011 indiamarketoutlook
@indiamarketoutlook, right patience is the key..
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