BUY NIFTY!!!
Nifty has reached our critical support area of 5300.
One can buy here with the sl of 5170 as mentioned in the previous post. There is extreme pessimism around the corner which really makes me doubt if there is furthur fall left in the markets. 80% of the Open interest build up has been in the price range of 5340-5410, suggesting good accumulation at those levels. Failure to break below 5170 would see a good rally in the markets going forward. The most obvious fall is not so obvious at times leaving alot of people caught unexpected.
Final Call???
Buy NIFTY at 5330 with sl at 5170 for tgt of 5900+
Risk : 160 points
Reward : 600 points
Nifty has reached our critical support area of 5300.
One can buy here with the sl of 5170 as mentioned in the previous post. There is extreme pessimism around the corner which really makes me doubt if there is furthur fall left in the markets. 80% of the Open interest build up has been in the price range of 5340-5410, suggesting good accumulation at those levels. Failure to break below 5170 would see a good rally in the markets going forward. The most obvious fall is not so obvious at times leaving alot of people caught unexpected.
Final Call???
Buy NIFTY at 5330 with sl at 5170 for tgt of 5900+
Risk : 160 points
Reward : 600 points
makes valid sense to me.
ReplyDeleteFor upmove do indicate the levels where part booking can be done.
@ alphabet1,
ReplyDeletesurely. part booking is one of the most crucial part in successful trading. as of now enjoy the longs.