Nifty; Again using Gap at the crucial zone...

ที่อัปเดต:
Nifty
CMP 10824

We had highlighted how Gaps in the zone around 10780 is acting as a crucial zone for Nifty.
Take a look at the chart again...



https://in.tradingview.com/chart/NIFTY/Om186ZNT-NIFTY-at-Gap-resistance/

NIFTY at Gap resistance



What we have seen today morning is another example of it. Another Gap up opening in the same zone.

Above 10780 Bulls have the upper hand.

But the question is Will it survive this time round...This is the 4th attempt now. Remember, this also suggests on 3 prior occasions it had failed.

Trend line resistance is around 10890.

Sell if Nifty is closing below 10780 on hourly chart or near trend line resistance zone with a sl of 40 points.


Alternatively one may consider selling Nifty 11000 Call option currently around 105

Lot size 75

Max profit potential of Rs 7875/- if Nifty closes anywhere below 11000 on 31ST Jan 2019.

The strategy has inbuilt loss protection for rise up to 11105 till expiry.


Take care and safe trading...!!!
การซื้อขายยังคงดำเนินอยู่
Nifty 11000 Call option update

Recommended selling at 105
CMP 89

Take care & safe trading...!!!
บันทึกช่วยจำ
สแนปชอต

Nifty as suggested in the analysis above is struggling to hold on to the gains.

Nifty 11000 Call option is currently trading around 75

Strategy to sell Call option is doing well...

Trail SL to 95 and ensure profitability in trade.

In case u like the idea and feel the analysis is helpful do hit the LIKE button

Take care
Happy & safe trading...!!!
gapNIFTYTrend Analysis

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