SGX Nifty is flat right now, early in the morning it was 48 points down, but has recovered.
Nifty and BankNifty will continue to be bullish, though there will be periods of consolidations in between, what TA’s call a time correction.
We are holding Nifty Apr 10300CE and BankNifty 12 Apr 24500CE bought at 140 and 233 yesterday. Previous position in these same options were exited at 21$ and 25% profit!
This time profit will be much bigger. Its the Midas Touch!
Chart above shows Fibo levels to be achieved by BankNifty by 12th Apr.
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A period of brief consolidation ahead...hold long positions patiently.
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Next critical time is 11:43. Lets wait for confirmation around that time.
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Lets observe price action from here for 10 min or so, if market goes down we will exit.
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So both #Nifty and #BankNifty are going up. We will continue to hold our long positions. Trailing stop-loss is: 24300 Nifty Spot and 24660 BankNifty Spot.
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Stop-loss for Nifty 10300CE is 130. For BN 24500 CE is 270
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After a massive bull run, a day of consolidation is fine. We just need to wait patiently, On Monday we will be hugely rewarded.
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Consolidation goes on, but #Nifty and #BankNifty not going below support offerred by critical time! Good upmove to come on Monday. Please carry forward.
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And #Nifty breaks out above day's high! Cheer up Guys, we did it!!
You still think steam left for BN for 12 Apr? Should I go for 25500ce?