Nifty will correct from here. This was suggested in previous post on Friday.
Sell on Rise.
Targets 17250, 17200, 16800, 16500. Sell on rise, and keep trailing stop loss, and book partial profits whenever it goes in your direction.
This is Invalidated when Nifty closes the day above 17670.
You can happily initiate shorts whenever Nifty rises.
Good Luck and STay safe.
Disclaimer
- The view expressed here are my personal views. We're not SEBI registered Analysts.
- Always have a STOP LOSS, particularly when you trade options.
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be