8th Attempt to Break 16985 Support..
Nifty's attempting to break 16985 support level for the 7th time this week.
Use the chart in this post, and my previous post as a guide.
Long:
Buy above 16985. Target 17230-17250, 17299. Keep a SL as per your risk appetite.
Short:
Sell Nifty below 16985. Targets - 16930, 16880, 16835. And keep a strict stop loss at 16985.
Tomorrow is Wednesday (day before month-end expiry), and already the situation is volatile due to the ongoing Geo-political crisis. Sellers will attempt to sell worthless options at high premiums, so just be careful when you trade options.
Good Luck and STay safe.
Disclaimer
- The view expressed here are my personal views. We're not SEBI registered Analysts.
- Always have a STOP LOSS, particularly when you trade options.
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Use the chart in this post, and my previous post as a guide.
Long:
Buy above 16985. Target 17230-17250, 17299. Keep a SL as per your risk appetite.
Short:
Sell Nifty below 16985. Targets - 16930, 16880, 16835. And keep a strict stop loss at 16985.
Tomorrow is Wednesday (day before month-end expiry), and already the situation is volatile due to the ongoing Geo-political crisis. Sellers will attempt to sell worthless options at high premiums, so just be careful when you trade options.
Good Luck and STay safe.
Disclaimer
- The view expressed here are my personal views. We're not SEBI registered Analysts.
- Always have a STOP LOSS, particularly when you trade options.
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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