General Trading Chat

[tradermodified]

N50

Atlast N50 crossed above 24700 and
did an high of 24738.95, an ATH

ltp 24719

 

[tradermodified]

N50

May move for 24825/50 by eod / tomorrow morning

ltp 24744

 

[Nish]

Does N 24700 option call writing looks unstable and fragile ???

Just a thought !!

My assumption 3 days back, that 24700option call writing looks unstable and fragile , come true !
N easily broke 24700 lvls upward !

So will, my Hope in todays post also come true and N slip towards 24450 to 24650 range quickly ???

Just a thought !

 

[cinderblock]

Can also shoot to 26K after budget...

 

[cinderblock]

25K today..26K next week!

 

[tradermodified]

N50

May move for 24825/50 by eod / tomorrow morning

ltp 24744

did 24825 yesterday
this morning did an ATH @ 24854.80
and fell

ltp 24746

 

[tradermodified]

N50

If fails to cross and stay above 24750,
and
breaches and stays below 24700 then 75/100 points fall possible.

ltp 24736

 

[tradermodified]

BN

On crossing and staying above 52400 may move for 52600/650

ltp 52390

 

[Nish]

My assumption 3 days back, that 24700option call writing looks unstable and fragile , come true !
N easily broke 24700 lvls upward !

So will, my Hope in todays post also come true and N slip towards 24450 to 24650 range quickly ???

Just a thought !

Looking at todays N fall my ydays assumption seem to come true !


Is BN giving a sign of fatigue and becoming more bearish for a decent fall ???

Just athought !

View strictly for study purpose !

Q marks represents a dis-claimer to pl do your own study with proper SL !

 

[Raj232]

For a fall there needs to be some trigger or fundamental issue.. market is just taking a pause before the budget.

It seems like Auto and Auto-ancilliary (Maruti Suzuki, Heromotor, etc) will get a boost apart from PSU stocks.

Accumulate in cash (not FNO) .. likely to move up 5% - 8% gearing up for the budget.