WHAT A DAY...TRADING IN THIS KIND OF A MKT IS NOT FOR THE LIGHT HEARTED....
ANYWAYS NF CLOSED AT 5240 . N SPOT AGAIN SAVED 5217..CLOSED AT 5228.
FOR TOMM BREAKOUT POINTS ON NIFTY SPOT WILL BE 5291 ON THE UPSIDE AND 5184 ON THE DOWNSIDE....
AGAIN BEST TO SHORT NEAR 5275 5280 WITH A STRICT SL 5291 AND BEST TO BUY NEAR 5200 5190 SL 5184...
BREAKING OUT OF THE ABOVE RANGE WILL GIVE ANOTHER 40 TO 60 POINTS ON NIFTY SOT
NF LEVELS BELOW 5238 LOOK OUT FOR SUPPORT IN THE RANGE 5205 5186 5169 ...STRONG SUPPORT AT 5170 5169 BREAK N SUSTAINING THIS NEXT SUPPORT ONLY AT 5100 WITH MINOR SUPPORT 5145
NF ABOVE 5257 WILL TEST 5271 5289 5308 LVELS.... 5305 5310 IS A AGAIN A STONG RES AREA.....BREAKOUT FOM HERE WILL LOOK TO TEST 5353 LEVL .PLUS WITH SOME RES COMING IN AT 5336 LEVELS...
CLOSE ABOVE 5311 NEEDS FOR BULLS TO STAY IN THE GAME..
HAVE A HAPPY TRADING DAY.....
dont trade in options too much...
but to tradebuy 5300 puts near 5275 5280 spot with a 5291 sl and look to cover it if nifty cracks 20 30 points there
and near 5200 5195 spot buy a 5100 call ..sl 5184 same profit booking logic
ANYWAYS NF CLOSED AT 5240 . N SPOT AGAIN SAVED 5217..CLOSED AT 5228.
FOR TOMM BREAKOUT POINTS ON NIFTY SPOT WILL BE 5291 ON THE UPSIDE AND 5184 ON THE DOWNSIDE....
AGAIN BEST TO SHORT NEAR 5275 5280 WITH A STRICT SL 5291 AND BEST TO BUY NEAR 5200 5190 SL 5184...
BREAKING OUT OF THE ABOVE RANGE WILL GIVE ANOTHER 40 TO 60 POINTS ON NIFTY SOT
NF LEVELS BELOW 5238 LOOK OUT FOR SUPPORT IN THE RANGE 5205 5186 5169 ...STRONG SUPPORT AT 5170 5169 BREAK N SUSTAINING THIS NEXT SUPPORT ONLY AT 5100 WITH MINOR SUPPORT 5145
NF ABOVE 5257 WILL TEST 5271 5289 5308 LVELS.... 5305 5310 IS A AGAIN A STONG RES AREA.....BREAKOUT FOM HERE WILL LOOK TO TEST 5353 LEVL .PLUS WITH SOME RES COMING IN AT 5336 LEVELS...
CLOSE ABOVE 5311 NEEDS FOR BULLS TO STAY IN THE GAME..
HAVE A HAPPY TRADING DAY.....
dont trade in options too much...
but to tradebuy 5300 puts near 5275 5280 spot with a 5291 sl and look to cover it if nifty cracks 20 30 points there
and near 5200 5195 spot buy a 5100 call ..sl 5184 same profit booking logic
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