Nifty: Spending whole day between levels predicted in last post
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Nifty
- earlier we had discussed the importance of 15628 and 15735 and Nifty made a low of 15635 and high of 15737 that day.
- In our previous post we had given levels of 15804 - 1840 levels for today
That is exactly where we have seen Nifty spend the whole day today.
- on a 15 minute chart
- First candle, Nifty closed at 15807 and (3 points above 15804)
- last candle closed at 15838 (2 points below 15840)
Need we say anything more...
Charts have a lot to tell you... are you willing to listen?
Going forward, Nifty 15742 should be held on to.
On the upside, further movement towards 15915 / 16020 can be expected only on sustaining above 15865
We were able to capture Nifty movement with the help of Technical Analysis and Derivatives Strategy. 🙂
Our strategy update
We had suggested selling Nifty 15700 Put option for 15 July expiry
15700 Put (suggested selling at 120)
closing price today: 52
Profit of 68 points so far. Continue to hold
Happy trading....!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
- earlier we had discussed the importance of 15628 and 15735 and Nifty made a low of 15635 and high of 15737 that day.
- In our previous post we had given levels of 15804 - 1840 levels for today
That is exactly where we have seen Nifty spend the whole day today.
- on a 15 minute chart
- First candle, Nifty closed at 15807 and (3 points above 15804)
- last candle closed at 15838 (2 points below 15840)
Need we say anything more...
Charts have a lot to tell you... are you willing to listen?
Going forward, Nifty 15742 should be held on to.
On the upside, further movement towards 15915 / 16020 can be expected only on sustaining above 15865
We were able to capture Nifty movement with the help of Technical Analysis and Derivatives Strategy. 🙂
Our strategy update
We had suggested selling Nifty 15700 Put option for 15 July expiry
15700 Put (suggested selling at 120)
closing price today: 52
Profit of 68 points so far. Continue to hold
Happy trading....!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- 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
Nota
Target of 15915 to perfection...
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Penafian
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