indiamarketoutlook

Nifty : At Cross roads

Short
NSE:NIFTY   Nifty 50 Index
Nifty
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:
Comment: Nifty 10800 Call option 1st Target of 37 achieved
Comment:
Nifty 10800 Call option update
CMP 25

Revise Trail Stop Loss to 45 to ensure profitability in trade

Happy trading...!!!
Comment:
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

Comments

Sir ji Great Prediction
+1 Reply
Great analysis
+1 Reply
Great Sir
Reply
New update? What next post hammer view at 10550-10570
Reply
@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..
Reply
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