Nifty Chart set up

已更新

A few days back, we had mentioned that Nifty may fall towards 18820 odd levels
https://in.tradingview.com/chart/NIFTY/tAivWTMQ-Nifty-Brent-Crude-The-Fundamentals-and-the-Technical-aspect/

When 18820 odd levels came, despite gloomy world markets and our markets also going through a sell off, it was suggested that Longs could be initiated.

Results are in front of you.

Going forward: Buy on dips can be considered.

Till the time Nifty stays above 19030 - 18960 odd levels, Nifty has higher probability to move towards 19440 / 19680 / 19905 odd levels

SL can be kept initially at 18960 on closing basis. If Market keeps moving upwards Keep trailing SL higher

Take care & safe trading..!!!

If you find the analysis helpful, Do Like and Follow

Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be

注释

We have got the dip today.

Selling 30 Nov expiry 18900 Put option currently around 145.

Exit if Nifty closing below 18960

Risk cover for a fall up to 18755 till Nov 30 giving ample scope to exit / adjust in case view gets invalidated

Take care and safe trading...

注释

Nifty 18900 Put option update

Selling was suggested when price was around 145

Cmp 65

That is 80 point profit.

Consider to book profits as per risk appetite and enjoy your weekend

注释

Nifty achieves all targets 🎯 on the upside