Nifty 50 Index
לונג
מעודכן

NIFTY - Move towards Life high of 18900 likely

  • 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
הערה
Life time high is still within grasp in June / July
However 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.
עסקה סגורה: היעד הושג
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

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