Nifty Trade Setup fro 22.08.22 with intraday levels
Nifty is following the sentiment changes where the mood has shifted to profit booking and correction. But I would like to repeat again that over bought markets tend to go higher. Few days back where even a monkey with a demat account was long on the index, today most of them have take SL or shifted to the short side. That gives bulls a chance to initiate a short covering move. Am I sure of it? Hell no but I have seen markets behave like this. Some times it can go sideways too.
Conviction Neutral
Bias bearish
Trading Ideas
Long above 17840 Target 17965-18000
Short below 17709 Target 17613
>>Option buying
Long Position: Buy 17900 CE
Short position: Buy 17600 PE
>>Option Selling
Sell 17500 PE AND 18000 CE with SL of 25 points
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Conviction Neutral
Bias bearish
Trading Ideas
Long above 17840 Target 17965-18000
Short below 17709 Target 17613
>>Option buying
Long Position: Buy 17900 CE
Short position: Buy 17600 PE
>>Option Selling
Sell 17500 PE AND 18000 CE with SL of 25 points
-------------------------------------------
Standard Disclaimer
Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.
The information presented in this educational material is not intended to be
used as the sole basis of any investment decisions, nor should it be construed
as advice designed to meet the investment needs of any particular investor.
Nothing in this course constitutes legal, accounting or tax advice, or
individually tailored investment advice.
WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE.
WE ARE NOT SEBI REGISTERED.
*SEBI Mandatory Guidelines*
*Channel Disclaimer/ disclosure*
No tips
No advice
No recommendation
No PMS advisory
This channel do not provide any tips/recommendations/advice
All updates/posts/discussions are only for education and learning purpose.
Do Consult your financial advisor before taking trading or investing decisions
Group Admin or Members not responsible for any financial losses
Disclaimer/disclosure/terms and conditions applicable to all members of this channel
All rights are reserved
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