Nifty 23071 is on trend support. AS FII has sold all their positions and heavy short covering suggests bearishness.
If Unable to sustain 23000 support it will be bloodbath as posted earlier ( Feb 3 ) .
If 23000 support sustained could bounce back to 23300. Trade Cautiously.
If Unable to sustain 23000 support it will be bloodbath as posted earlier ( Feb 3 ) .
If 23000 support sustained could bounce back to 23300. Trade Cautiously.
Note
Nifty has sharply drop down to 22828 and expected to find support at 22740 ( Check our posting of Feb 3 ) and resistance at 23020Note
Today Trade Idea : Will consider short around 22890 ( Current Nifty @ 22853)Note
Bought Nifty 22900 PUT @ 93 at 10:36 Note
Bought Nifty 23000 PUT @ 92 @ 11:55Note
Bought Nifty 23200 @ 80 at 10:00Note
Closed Nifty 23200 @ 148 at 14:28 Note
Bought Nifty 22850 PUT @ 150 at 11:35Trade active
Bought Nifty 22950 PUT @ 151 at 09:48Note
Nifty 22950 PUT bought @ 151 at 09:48 has reached high of 208 @ 10:30 and is trading at 178 @ 11:05Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.