Nifty expiry view Aug'10

9 Agu 2023

Nifty made a strong bullish setup before expiry

• Open inside 19540 - 19620 zone becomes a buy on dip scenario
  
• Open above 19620 will be a quick short covering rally with dip not less than 19620
  
• Upside targets range from 19740 to 19800
  

Nifty become weak only below 19500 and will become a short market once 19400 break decisively

9 Agu 2023

Catatan

Only my personal view:

200+ points rally from closing level possible in Thursday/Friday session

This gives a target near 19870

Try a zero-hero trade with just 2k in near ATM and should give good return 5x or more, don't be greedy just keep it small and smart

9 Agu 2023

Catatan

Ignore my previous comment
Keep a max view of 19740-19780 for tomorrow expiry

10 Agu 2023

Catatan

View is totally negated and resulted in loss today

But the levels view on upside is intact if we see Nifty trading above 19600 in tomorrow trade