5600 has now become Bullish with around 4L (- Should be Short positions)positions in 5600PE. 5700CE which was around 4L (Mostly Long ) this morning is now 1.6L. So Hope profit is being taken in 5700CE.
There was a Breakout at 5630. If this is a Real breakout then Today the Top could be 5705.
Within a matter of 30 minutes, 5700 and 5800 also become Bullish. 28L Puts Shorted in the Strikes 5300-5700 Vs 1.2L in Calls. So Buy on Dips around 5630, the Previous Resistance which will now act as Support. Keep 5600 as the STRICT Stoploss
That's true but trading holidays don't change trends, trend is up I am long in Nifty Futures, the pattern targets are 6000, but we will have to see for signs of reversal too, markets are volatile, targets may or may not be achieved
That's true but trading holidays don't change trends, trend is up I am long in Nifty Futures, the pattern targets are 6000, but we will have to see for signs of reversal too, markets are volatile, targets may or may not be achieved
Trading holidays may not change trends but they may bring events which can break trends or worse , reverse them. An additional 24 hrs of market suspension ( remember the global mkts will still be working) can wreak havoc given the line up of events we have in the coming week and our shaky currency situation.
Close 100% at 120 with 11 points profit. With 3 days Holidays the pair might lose the value. Will find another Pair once again on Tuesday or Will Trade when the Market is at 5820.
Just took BANKNIFTY Strategy to see how the VOLT plays in BANKNIFTY
Bought 9000PE@126 and 10700CE@137.
BANKNIFTY has hit the Level where the MAXOI is there. MAX OI is at 9000-10000. BANKNIFTY is at 9970.
so either there should be a breakout or a Correction. Normally when the MAX OI is hit there would be a correction. MAX Pain is at 10000. I did not see the MAX Pain before. So may be there will be a breakout. Let us see on Tuesday what happens