20000 or 19000 - Nifty headed which direction??
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Firstly, I'm not registered with Sebi.
Secondly, this is just my view on how the markets are/will be moving - use your own judgement.
I'm planning to publish my thoughts on the index movement here, will try to provide regular updates, but no promises. I have been wrong earlier, and can be wrong again.
Back to Index now -
10:30 AM - Spot 19674
Targets - 19700, 19724 & probably 19747
Stop loss - 19647
Good luck!
Secondly, this is just my view on how the markets are/will be moving - use your own judgement.
I'm planning to publish my thoughts on the index movement here, will try to provide regular updates, but no promises. I have been wrong earlier, and can be wrong again.
Back to Index now -
10:30 AM - Spot 19674
Targets - 19700, 19724 & probably 19747
Stop loss - 19647
Good luck!
Nota
Regarding which one first - 20000 level or 19000 level, I don't want to make any prediction now. Nifty's moves this week will provide some hints.Nota
11:38 AM - Nifty made a high of 19719.6Target 1 done - 19700(26 points)
Target 2 - 19724 - let's say for now it's done as well (45 points move captured)
We may see some pullback now. So I would close longs, and wait for a better entry.
Nota
12:30 PM. Nifty around 196843rd Target is still on, and you may get a better entry if you stay patient.
Nota
1:37 PM. Nifty around 197002 Choices
1. Safer option. Go long above 19720 - target 19745, 19757. Less Reward.
2. Riskier. Go long around 19660-19680. Stop loss 19647. Targets - 19700, 19745, 19757. Higher Reward.
For now, downside does look limited - if nifty goes below 19600, may have to change my view.
Good luck!
Nota
Nifty spent the last one hour in a 30point range. For now, it's buy on dip. Please note the bullish view is for a very short term, with a possibility of reversal soon.
Nota
And finally..one like!Nota
2:50 PM. Nifty@ 19710.If Nifty goes below 19700, short nifty for a targets 19680, 19667. Strict stop loss 19712. Very short-term bet.
Nota
Also, if Nifty goes above 19720, go long with the targets mentioned earlier.Nota
All buy targets reached. 19720 to 19757 (37 point move)Just book your profits..and sign off for the day..
Nifty possibly can may make a move till 19780-19790, but hold your longs at your own risk.
Nota
Adding a new post for tomorrow.
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