Nifty Trade Setup for 24.08.22 with intraday levels
After nifty opened gap down shorts were booked. This led to the initial up move followed by a phase of consolidation. The last min up move happened due to to hitting stop losses of bears. But major stop losses are still set above 17800 so major up move is due. This is well and good but the current movement in dow is suggests some weakness is due in the markets. Given this we can expect a gap down opening tomorrow if DOW futures do not recover. Keep an eye on SGX.
Conviction bearish
Bias bearish
Trading Ideas
Long above 17613 Target 17709
Short below 17522 Target 17428-17385
>>Option buying
Long Position: Buy 17700 CE
Short position: Buy 17400 PE
>>Option Selling
Sell 17800 CE with SL of 20 points
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Conviction bearish
Bias bearish
Trading Ideas
Long above 17613 Target 17709
Short below 17522 Target 17428-17385
>>Option buying
Long Position: Buy 17700 CE
Short position: Buy 17400 PE
>>Option Selling
Sell 17800 CE with SL of 20 points
-------------------------------------------
Standard Disclaimer
Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.
The information presented in this educational material is not intended to be
used as the sole basis of any investment decisions, nor should it be construed
as advice designed to meet the investment needs of any particular investor.
Nothing in this course constitutes legal, accounting or tax advice, or
individually tailored investment advice.
WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE.
WE ARE NOT SEBI REGISTERED.
*SEBI Mandatory Guidelines*
*Channel Disclaimer/ disclosure*
No tips
No advice
No recommendation
No PMS advisory
This channel do not provide any tips/recommendations/advice
All updates/posts/discussions are only for education and learning purpose.
Do Consult your financial advisor before taking trading or investing decisions
Group Admin or Members not responsible for any financial losses
Disclaimer/disclosure/terms and conditions applicable to all members of this channel
All rights are reserved
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