xTako

Nifty primed for a deeper pull back

Penjualan
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NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES

  • Continuous ascent from 20-Mar of about 20% gain, without any weekly pullback.
  • Weakness exhibited on 21-August. Current levels are below the August weekly close.
  • On 26-Oct, likely to test 19233 for expiry.
  • Price over 19233 looks temporary and a good spot to accumulate Nov shorts with targets at 18646, 17900, and 17200.
  • 18350 Puts are also well priced with 7x to 20x returns, for hedging, should there be a deeper pull back.
Order dibatalkan:
This is a failed bearish setup.

Nothing is more bullish than a failed bearish setup.

Time to go high leverage long. Watch for speed-breakers at 18800 and 20200. If those are cleared, let the markets send funds to your bank account!

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