Nifty could be losing steam

25 בספט׳

Nifty could be possible losing steam. Although BN looks strong due to HDFC Bank, the same might not be applicable to Nifty. There could be sideways action only leading up to this expiry.
However, if 25,880 is breached on the downside, there could be a correction up to 25,650 level.
Stand by!

25 בספט׳

הערה

No sign of further weakness as of now. 25,860 is the level to watch out. For now, it is intact.

25 בספט׳

עסקה פעילה

Carrying a hedged Long overnight. Anticipating a gap up. Nifty is showing more Bullishness at this moment.

26,000 CE Buy - 03 Oct Expiry
26,300 CE Sell - 03 Oct Expiry

30 בספט׳

עסקה פעילה

I had exited the 26,000 CE Buy - 03 Oct Expiry last week itself.
Holding the 26,300 CE Sell - 03 Oct Expiry and it is giving good profits.
Nifty is expected to fall till 25,880 zones and then will need to see if that level hold or not.

I will take fresh view only after the current fall completes.

1 באוק׳

עסקה פעילה

I'm anticipating Nifty to fall further to 25,675 levels. There is no obvious sign yet of any reversal in place.

Stay tuned!

1 באוק׳

הערה

Nifty forming a base. Stay tuned. Possible reversal setting up.
25,865 is the level to watch out for. If it breaks on the upside in the post 13:30 session, it could lead to possible short covering.

3 באוק׳

הערה

Do not go long on Nifty, this upside movement is a trap. The levels given earlier still hold for Buyers to kick in after short covering.

Stand by!