Market is looking bearish and tending towards bullishness, only due to 2 reason.
1. Global market is positive after 3 Bank collapse and take over.
2. Fundamental of Indian market is intact with +ve GDP number and + GST collection, which reflects health of Market.
3. Doller is looking weak and Crude is also sloping down.
1. Global market is positive after 3 Bank collapse and take over.
2. Fundamental of Indian market is intact with +ve GDP number and + GST collection, which reflects health of Market.
3. Doller is looking weak and Crude is also sloping down.
Trade closed: target reached:
We have crossed 17500 to 17600. Now next possible resistance is at 17700. So we can do bull call Spread for next 100 points.
Buy 17600CE @ 215 and sell 17800CE @ 105. Net debit earning = 110 points. For 1 lot earning will be 5500/-
Buy 17600CE @ 215 and sell 17800CE @ 105. Net debit earning = 110 points. For 1 lot earning will be 5500/-