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Hi, Priya,
Yesterday I short three lots of Dec Nifty at 5060 level, now after gap up opening its not coming down, What I do ?
Please check Nifty Chart and give me some level.
Thanks
Azad
Hi Azad,
in the previous article I gave levels with justified TA as 4990<>5100>>5140>>5180.
please ready 2nd and 3rd paras where in I mentioned longs at 5060 levels with some 20 point filter..or 5040 stoploss.
so, for u I can suggest 5180 as the high resistance zone..and you can cover nifty if comes at 5100 zone. if not then 5180 strict resistance..crossing which next target for Nifty is 5240. so you can exit at your comfortable levels as I mentioned now.
@ Azad, moreover you mentioned Dec Nifty. Im not following its Open Interest or whether is it in premium or discount with the spot levels. so all my levels mentioned are current series Spot levels only.
Thanks Priya,
Hi Priya,
Today I cover my all 3 lots of Nifty short with no profit no loss, after that market recover a bit. I am looking for short again, what you suggest ? what is the best level to short ? you believe that market break 5200 level before Diwali ?
Regards
Azad
well I can say nifty playing in the new range 5040-5140 this entire week. So break on either side on closing basis will give good confirmation of the trend.