Bulls, Bears & The Lion

atulaw

Active Member
atleast try to make minimum wages :p

j/k good luck and keep it up!
 

findvikas

Well-Known Member
US & Europe had a great run yesterday and contributed to my Forex gains. Now comes to Asian equity markets.. don't expect much out of it and short around 5050 if at all Nifty goes and touch that... follow these levels and stick to them... above 5050 & below 5070 short with closed eyes with SL @ 5082

Intraday Nifty Strategy

Short @ 5025 , Avg till 5065 and SL at 5070 , Go long at 5070 if it sustains.
Long @ 4940 , Avg. till 4915 and SL at 4900 , Go short at 4900 if it breaks and sustain.
Options data suggest a expiry below 4900 with fresh writing of 4900CE. US rally could act as a bull trap so watch your positional longs and create fresh longs only above 5070.

So far expiry is seen below 4900 per me, but do not bet on it and do not buy fresh options for this month.
 
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