Nifty: Nifty expiry Target of 17564 done for us!!!
Nifty
17564
If you have been following me,
Nifty has respected most of the levels identified with the help of Technical Analysis
The yellow zone above 18000 has been drawn long back. You can check my previous post
Thereafter, I have been suggesting this case: if Nifty starts trading below the blue line then probability is very strong for Nifty testing the red line.
I had given a figure of Nifty closing below 17836-17854 odd levels could be a cue of Nifty testing 17564.
We cannot time the market but when time comes we can sure make the most of it.
I was expecting this test to happen on Thursday but market has it's own way. It has done that today itself. However it gave ample opportunity to entry. We had positioned earlier with a Bear Call Spread strategy. When Market gave signals by breaking below the Blue line we took some aggressive bets as well by Buying Mar series Put options as well. Yesterday Nifty closed a tad below 17836 levels at 17826.
Results are in front of you... How doing your study well can reward you... We have booked profits in stages today with complete profit booking done when Nifty came to 17564
This is not a case of any fresh trade but a post to make you understand that when times are tough study will help you and can keep you ahead.
Invest your time in learning...!!!
Trust my analysis has been of help...🙏
Like and Follow To trade with me...!!!
Take care & safe trading...!!!
17564
If you have been following me,
Nifty has respected most of the levels identified with the help of Technical Analysis
The yellow zone above 18000 has been drawn long back. You can check my previous post
Thereafter, I have been suggesting this case: if Nifty starts trading below the blue line then probability is very strong for Nifty testing the red line.
I had given a figure of Nifty closing below 17836-17854 odd levels could be a cue of Nifty testing 17564.
We cannot time the market but when time comes we can sure make the most of it.
I was expecting this test to happen on Thursday but market has it's own way. It has done that today itself. However it gave ample opportunity to entry. We had positioned earlier with a Bear Call Spread strategy. When Market gave signals by breaking below the Blue line we took some aggressive bets as well by Buying Mar series Put options as well. Yesterday Nifty closed a tad below 17836 levels at 17826.
Results are in front of you... How doing your study well can reward you... We have booked profits in stages today with complete profit booking done when Nifty came to 17564
This is not a case of any fresh trade but a post to make you understand that when times are tough study will help you and can keep you ahead.
Invest your time in learning...!!!
Trust my analysis has been of help...🙏
Like and Follow To trade with me...!!!
Take care & safe trading...!!!
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