Long

NIFTY || BULLISH CANDLE POST A DOJI

Updated

We saw that Nifty did not pay heed to the Doji pattern today. Infact it took support near 11452 and bounced back and closed near the high for the day and in the process formed a bullish candle. One may buy Nifty with a SL of 11449 and targets of 11546/11565/11590.

A safer strategy would be on the options front [Eat the premium of 11400,11450 and 11500 puts ]

Note

Opened above the first target.

Note

Made a high of 11556. Safe trading day for option sellers.

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