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| From : Rajesh Sharma at 12:33 PM - Feb 02, 2011 ( ) |
Share it on FacebookNIFTY INDEX MADE A LOW ARROUND 2252 (DATE 27-10-2008) THEN MADE A HIGH ARR. 6336 (DATE 8-11-2010)
TOTAL 4084 POINT UP MOVE NOW
23.80% RETRACEMENT LEVEL ARROUND 5364
38.205 RETRACEMENTLEVEL ARROUND 4776
IF THIS BULLRUN CONTINU THEN NIFTY INDEX TAKE SUPPORT BETWEEN THOSE LEVEL
WATCH LEVEL
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Dear Dilip,
if one can buy 5400 put arr.cmp 72 1 lot and sell 2lot 5200 put arr.28
then your max . loss 16 point and make good profit beow 5400
Thanx dear Rajesh,
But i am still not followed your technical answer . I requested abt Nifty Put option shall i take 5400 Put or 5300 PUT.
I am not able to find DMA in my terminal i have Ventura trading terminal.
Pl reply ASAP,
Regards
Dilip Nilekar
Dear Dilip,
it , my out look for market that long term invester (1or 2 year vew} start invest this ret. level
it ,not one month vew.
for trading u can use 20 dma if nifty close above 20 dma cover short position.
Dear Rajesh,
I am very poor in understanding it. Can you explain more for new bees like me so that i can take further decision in coming days. At present i am holding 5300 put @51.60 what do you suggest HOLD or SELL ?
Regards
Dilip Nilekar
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