Hi All,
The current running sideways movement with downward bias in Nifty will end on 27th Dec Tuesday.
There is no point in taking either short or long position right now.
This period will favour option writers only, they will eat premium on options on both side.
It would be better to go long on Tuesday, 27th Dec in January series.
Regards,
Pankaj
The current running sideways movement with downward bias in Nifty will end on 27th Dec Tuesday.
There is no point in taking either short or long position right now.
This period will favour option writers only, they will eat premium on options on both side.
It would be better to go long on Tuesday, 27th Dec in January series.
Regards,
Pankaj
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Looks like its down in an impulsive way and not sideways. But still down till 27th Dec.
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previous timewaves: prnt.sc/dmiq4d
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Today Nifty would be more of sideways. 3 more sessions to go to complete this down move.
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This bounce back should be sold into Monday only. No need to carry forward any position over weekend.