NIFTY - Move towards Life high of 18900 likely
Diupdate
- Monthly squeeze settings up and firing long on Nifty Index
- Nifty has been in a 2 year consolidation patterns and finally looks strong
- It reversed back from 18900 last time as it was overbought - this time its not. And almost all market gurus are pessimistic and forecasting lower Nifty levels
- Buy September 18000 - 19000 call spread for just INR 400 (thats barely 150 rupees of time value) - Target of INR 1000 with downside of 400
- Risks would be if market breaks down on some geopolitical news
Catatan
Life time high is still within grasp in June / JulyHowever the market may come back down to test 18400-500 before rallying back. Do not short this market at all - look for places to get in.
Trading ditutup: target tercapai
Okay - we have been running hard for like 2 months now and the Nifty is at 19400. Time for some consolidation (hopefully) - so that we can get some reloads. I sold off near 19300. happy trading
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.