Nifty: 3rd Gap up opening. Would it lead to exhaustion in rally?

Nifty
In our previous post we had indicated a bullish stance based on the chart set up....

Accordingly we had shorted Nifty 17000 Put option for 30 Dec expiry around 100.
Today we see Nifty opening with a big gap up and that chart set up analysis did helped us. We have duly booked profits in our trade.

The current set up makes us feel... It's time to be cautious..!!

Take care & safe 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

Dagangan ditutup: sasaran tercapai:

We have recommended booking profits in the trade.
Happy trading...!!!

Charts once again helps us to capture the best of the movement.

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