If gap down and below this trendline than hard to cross 11640

Nifty 50 Index (NSE:NIFTY)

Updated

NSE:NIFTY Nifty 50 Index

So Be careful here I am not saying that market is negative but till either crossing of 11640 or above this trendline with gap up or with the support of Advance Decline...

all and all My advice to buy some put with the stoploss of 11640 .

* Three Point to remember

1- HDFCBank should be abovve 1260
2- Kotak Should be above 1440
3- Reliance should hold 1380

But As all we know above companies announced them result but no Movement occur as we used too or expecting. So no miracle right now from this level expected from there.. so wait for breakout

And Advance Decline of Nifty atleaast 35-15

Moreover Banknifty has inside day today....so You can wait till Banknifty cross either side 29200 or 29700 than establish your Position accordingly..

Thanks

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Comment:

The Same stoploss intect but Buy some call Near 11550 -11500 and Hold for target of 11640

Comment:

The Nifty Made low aroung 11490 and High 11614 We bought the call of 11600@45 Sell 99 rs/-

Comment:

As I said Hard to cross please analysis last 3 trading session and confirm was it proper level??

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