Nifty Celebration of the bulls followed by pullback?
מעודכן
Nifty is in celebration mode sgx indicating gap up and staying above 16770 should take NIFTY to new heights of 16900-50 making a very good monthly closing in euphoria. Bulls deserve such a feat . The next major round number 17000 might give us a little bit of a trouble and the same may be expected. How big might be the pullback would be interesting to see. A consolidation as expected in the week ahead might just come true if so.
Trade 1: Gap up sustaining and dips to 16770-80 to be bought with stops at 16740 for a target of 16880-930.
Trade 2: Short at 16880-870 with SL of 16950 for a minimum target of 16720. Short to be taken after reversal of 30-50 point from highs with similar stops.
options idea for tomorrow if trade 1 comes: Sell 16850ce buy 16700ce. SL 16750.
Trade 1: Gap up sustaining and dips to 16770-80 to be bought with stops at 16740 for a target of 16880-930.
Trade 2: Short at 16880-870 with SL of 16950 for a minimum target of 16720. Short to be taken after reversal of 30-50 point from highs with similar stops.
options idea for tomorrow if trade 1 comes: Sell 16850ce buy 16700ce. SL 16750.
עסקה פעילה
To the moon. There is no short trade unless 16880 broken downwards. Lets buy the dip if at all we get one. And hold and trail later. This seems to be a starting of a wave 5 and can go deep upsides in the next few months. Shutupandbuy
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