THIS IS FOR LEARNING PURPOSE ONLY. I AM A BEGINNER TRADER
NIFTY AUG 31 expiry expectation
If the support trendline on 11AUG is respected and gives a bounce back.
If the downward trendline is broken (above 19600) in the coming week.
If the 19640 resistance is overcome
Then 19800 is expected to achieve with ease. 20000 is a near possibility.
OR
If...
By Expiry on 8AUG, FINNIFTY to reach 20370-470
My Reasons to believe so
Friday witnessed buying from levels 19850 to 19990.
At the end of the day on option chain, Call buying could be seen upto 19800, indicating positive mood for Monday, given that premium decay during weekend is taken into consideration.
By evening, US markets are in the solid green
...
Toward close of the trading day on 4AUG23, call buying buildup was witnessed on NIFTY derivatives suggesting Monday is going to open positive. This thought is not negated by the weekly candle. Weekly candle is of an indecision doji. This is my hunch feeling that at least next 2 trading sessions are going to be bullish and then consolidate a bit before proceeding...
Broke all time high of 18900 after more than 6 months. Following week saw retracement
with profit booking sell off. graph is in the upward trajectory. further upmoves to follow.
My selection of stocks based on 44 rising SMA , weekly bottom fishing method, and all time high methods. My strategy is to hold for approx 10 days and take 5-10 return. These are experimental only and I have no guarantee that this is going to gain a profit. My own probability instinct is 50:50
