After falling from 404 to 165 , approximately 59% - I am expecting more of upside than downside. Once it breach 222/- I am expecting strong uptrend. Entered DEC FUT @ 213.35/-
NIFTY December options bought @ 10500/- Investment is 710/- per share. Lets see how it goes.
Wait for crossing 285 and 294 with strong volumes. otherwise it just oscillate , more chances to downtrend.
Requesting for Analysis of RelCapital
As we observed Retracement at RSI being 85+, what is the current position now ?