NIFTY - Move towards Life high of 18900 likely

May 8, 2023

• Monthly squeeze settings up and firing long on Nifty Index
  
• Nifty has been in a 2 year consolidation patterns and finally looks strong
  
• It reversed back from 18900 last time as it was overbought - this time its not. And almost all market gurus are pessimistic and forecasting lower Nifty levels
  
• Buy September 18000 - 19000 call spread for just INR 400 (thats barely 150 rupees of time value) - Target of INR 1000 with downside of 400
  
• Risks would be if market breaks down on some geopolitical news
  

Jun 12, 2023

Note

Life time high is still within grasp in June / July
However the market may come back down to test 18400-500 before rallying back. Do not short this market at all - look for places to get in.

Jul 4, 2023

Trade closed: target reached

Okay - we have been running hard for like 2 months now and the Nifty is at 19400. Time for some consolidation (hopefully) - so that we can get some reloads.
I sold off near 19300. happy trading