at 09:31 AM - Jul 28, 2017
Expecting a fall in the Nifty....
hence prefer to...
BUY NIFTY 9800 strike put..cmp 61
so the summary is this.....Nifty should go to levels of 9750-9850 before another substantial rise!! summed up
this is not to say that nifty is overbought.....dollar-index nifty looks hardly overvalued...at least according to me !
and the case reverses here....as long as Nifty stays at this level below 10030 futures.....distribution will go on....and fall will get sharper...not the other way.....
If I am successful this will be one of the simplest calls I have ever given...!
any Tom or Dick can give such a call !
ideally target is 110....but I may exit much before that !
the only thing needed at this hour is to RELEASE our guard......sometimes overprotectiveness in the markets fetch us nothing.....just release !
cmp 56....second and final level of buy....preferably double the qty...
Disclaimer: The messages and ideas posted on this website are user's own views. Mudraa.com does not own any responsiblity for the losses incured due to information provided by the users.Data delayed 15 to 20 minutes unless otherwise indicated.