Today on 1st Sep Nifty GAVE RED CANDLE after long time.
Normally When This Happens Profit Booking will happen for 300-350 Points
Already 150 Retracement Happened.
For Tomorrow Expiry
1.Flat opening - A.If it gets REJECTED then PE
B.If it slowly moves up to 17145 gets REJECTION then PE
CE will be above 17145 if it sustains there for almost 20-25 min for 17200 only
Trail stoploss if necessary
2. Gapup opening 17145 will be make or break level
3. Gapdown Opening- Selling can come immedietely or after some time ... If it crosses below 16980 then Further selling can come
Thank You
P.S. Stop loss can Save You
Normally When This Happens Profit Booking will happen for 300-350 Points
Already 150 Retracement Happened.
For Tomorrow Expiry
1.Flat opening - A.If it gets REJECTED then PE
B.If it slowly moves up to 17145 gets REJECTION then PE
CE will be above 17145 if it sustains there for almost 20-25 min for 17200 only
Trail stoploss if necessary
2. Gapup opening 17145 will be make or break level
3. Gapdown Opening- Selling can come immedietely or after some time ... If it crosses below 16980 then Further selling can come
Thank You
P.S. Stop loss can Save You