10941 Pole and flag formation in next 90 days(11% probability)
Reason for long
a) Pole and flag formation
b) Pre-parliament election euphoria possibility in all sectors during next 90 days
c) Probability of touching 25000 cannot be ruled out
d) Earlier, thought of 20,000 to 24,000 as range, but it looks range overshooting possible
e) The 50 day strategy involves 22200 Pe and 22800 pe and 23200 pe as bullish butterfly
Niftybee investment is also good idea, expected returns of 9% till may 2024
a) Pole and flag formation
b) Pre-parliament election euphoria possibility in all sectors during next 90 days
c) Probability of touching 25000 cannot be ruled out
d) Earlier, thought of 20,000 to 24,000 as range, but it looks range overshooting possible
e) The 50 day strategy involves 22200 Pe and 22800 pe and 23200 pe as bullish butterfly
Niftybee investment is also good idea, expected returns of 9% till may 2024
Comment:
e) The 50 day strategy involves 22200 Pe (+1X)and 22800 pe(-2X) and 23200 pe(+1X) as bullish butterfly