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18000

Nifty - Next Target is 18000 and above ?? Nifty heading towards 18000 and more ?? Probably YES, as per technical it has broken the channel upper line with strong momentum and retraces at 17500. Also we can see RSI Divergence indicates the Strong reversal in the trend which is a good opportunity for swing/positional entry to go long keeping SL 17450 - Target we can expect another 500 Points move that is 18000 will be tested quickly. RSI Divergence - When price makes lower low and RSI makes Higher low is the symbol for Strong trend reversal.
NSE:NIFTYLong
by ViVenTraders
After consolidation, there's a crazy move today! 3rd expiry Crazy movement will happen right after a consolidation in the way the market behaves. But this kind of movement is the nightmare of an option seller like me. The movement is led by the globe clue. Let's see how the 18000-19950 range acts above 18350. We know the import level to watch. Looking at the chart, there is a gap it filled now and will try to bounce back if that is being strong enough. 18000 will not be B.K this week. Let's see how it is going to end up this week. I am coming to my weekly option selling position. I have a deep pain in 17950 PE. I keep holding it and on the CE side, I have made profit of 18650 and 18600. currently holding 18500CE. I hope I can exit with 1% this week if the nifty won't B.K. 18000. If that happens, I will exit with a 1% loss.
NSE:NIFTY
by Manuadarsh
Above 18000! Will it sustain or not?We are up to the 2nd week of expiry and the nifty is above 18000. On Monday, Nifty opened with a gap up and gave a good up move and closed just above 18,000. Today it sustained the 18000 consolidation between 100 points. It's encouraging to see that more bull runs or breaks below 18,000 are on the way. Because we know there is a lot of data on the way, we can expect a move accordingly. I do think overnight aggressive positioning is a good idea. We have an important line to watch above 18200. Well, below 17900, I kept a close look at the lines and today 18020 was respected. Let's see where it opens tomorrow. When it comes to my weekly option selling, I have 17600 PE and 18350 PE. I entered an intraday short straddle on Monday now that it is bright and sunny. I already have my overall P & L in nearly 1% red this month, so I'm not confident about carrying it till Thursday. I hope to exit at 0.5%+Tomorrow, planning to take a fresh entry on Thursday to end up flat this week. I am excited to see where Nifty opens on Thursday.
NSE:NIFTY
by Manuadarsh