NIFTY - Move towards Life high of 18900 likely
- Monthly squeeze settings up and firing long on Nifty Index
- Nifty has been in a 2 year consolidation patterns and finally looks strong
- It reversed back from 18900 last time as it was overbought - this time its not. And almost all market gurus are pessimistic and forecasting lower Nifty levels
- Buy September 18000 - 19000 call spread for just INR 400 (thats barely 150 rupees of time value) - Target of INR 1000 with downside of 400
- Risks would be if market breaks down on some geopolitical news
Dagangan ditutup: sasaran tercapai:
Okay - we have been running hard for like 2 months now and the Nifty is at 19400. Time for some consolidation (hopefully) - so that we can get some reloads.
I sold off near 19300. happy trading
I sold off near 19300. happy trading
Best advice ever - Cut your position size by half.
However the market may come back down to test 18400-500 before rallying back. Do not short this market at all - look for places to get in.