Nifty had a comparatively strong opening when you compare it with banknifty. The up move was steady and strong and the doors o 17800 looks very much open as per option data. Overall market has a bullish bias and nifty stocks are following suit. The major movement has to come from Reliance if and when it crosses 2600 which has been a strong resistance. So keep a keen eye on reliance and maintain long with trailing SL.
In case of a gap down opening it would create some panic for put writers
Conviction bullish
Bias bullish
Trading Ideas
Long above 17541 Target 17613-17700
Short below 17485 Target 37968-37891
>>Option buying
Long Position: Buy 17700 CE
Short position: Buy 17500 PE
>>Option Selling
Sell 17500 PE with SL of 15 points
-------------------------------------------
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Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.
The information presented in this educational material is not intended to be
used as the sole basis of any investment decisions, nor should it be construed
as advice designed to meet the investment needs of any particular investor.
Nothing in this course constitutes legal, accounting or tax advice, or
individually tailored investment advice.
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In case of a gap down opening it would create some panic for put writers
Conviction bullish
Bias bullish
Trading Ideas
Long above 17541 Target 17613-17700
Short below 17485 Target 37968-37891
>>Option buying
Long Position: Buy 17700 CE
Short position: Buy 17500 PE
>>Option Selling
Sell 17500 PE with SL of 15 points
-------------------------------------------
Standard Disclaimer
Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.
The information presented in this educational material is not intended to be
used as the sole basis of any investment decisions, nor should it be construed
as advice designed to meet the investment needs of any particular investor.
Nothing in this course constitutes legal, accounting or tax advice, or
individually tailored investment advice.
WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE.
WE ARE NOT SEBI REGISTERED.
*SEBI Mandatory Guidelines*
*Channel Disclaimer/ disclosure*
No tips
No advice
No recommendation
No PMS advisory
This channel do not provide any tips/recommendations/advice
All updates/posts/discussions are only for education and learning purpose.
Do Consult your financial advisor before taking trading or investing decisions
Group Admin or Members not responsible for any financial losses
Disclaimer/disclosure/terms and conditions applicable to all members of this channel
All rights are reserved
