Nifty if crosses 12824 seem to be little bearish if passes 12770 expected a good bearish view.
Currently Nifty at a over bought level, MACD crosses upper side.
Breakeven points 12824 & 12770, If further good level can be seen for two days
NIFTY is currently in a tight spot between 11250 and 11000 .
The increasing number of corona cases seems to have already been factored in and hence not causing any weakness to the index.
The huge rally from 10750 to 11200 in almost a weeks time has dried out now and nifty is now in a consolidation phase. From here onwards we can expect nifty to either touch 11500...
Hi all ,
Interesting breakout on Nifty , Lets play a strategy.
No naked put /call buy /sell.
Buy 10750 FEB call @ 244 1 lot,
Sell JAN 10750 @ 125 1 lot
(capital required 1 lakh,if you don't have,don't trade,no leveraging)
Safe players can take Feb 10700 call and sell Jan 10700 call
If Nifty keeps on moving up No profit / no loss, But if Nifty...