Morning !
From last two weeks, i have been mentioning that the current uptick which has started from 6825 should end in zone of 8000-8050-8150-8250 the time frame too mentioned by me was last week.
Re-iterating my view, the intermediate correction started from 7992 which i assumed to stop at 7788 went on for another 110 points till 7678.
From 7678 there are four levels which may be achieved by NIFTY before the correction of the wave started from 6825 starts. these are 8000-8050-8150-8250. I have revised the upside targets by approx. 100 points lesser as compared to what i mentioned in my last two posts, that was 8336, since NIFTY used those 100 points to come further down from 7788 to 7678.
I had give a very minuscule SL of 20-40 points last monday for buying NIFTY, which go triggered.
I still have the same view that "Missing 100 odd points is OK instead of sitting on top of the trend and wait for panic sell later when the reversal happens."
Advising everyone that if you are long in NIFTY then please the moment NIFTY this time makes a new high above 7992 start wrapping up your positions. I mentioned the same that i would not advise anyone to sit in longs in 8225 zone, the same stands revised by further 100 points down to zone of 8125-8150.
I myself have been stock specific for last two weeks and not traded in both NIFTY and BANKNIFTY.
Above are two stock specific options recommended.
Happy Trading !
From last two weeks, i have been mentioning that the current uptick which has started from 6825 should end in zone of 8000-8050-8150-8250 the time frame too mentioned by me was last week.
Re-iterating my view, the intermediate correction started from 7992 which i assumed to stop at 7788 went on for another 110 points till 7678.
From 7678 there are four levels which may be achieved by NIFTY before the correction of the wave started from 6825 starts. these are 8000-8050-8150-8250. I have revised the upside targets by approx. 100 points lesser as compared to what i mentioned in my last two posts, that was 8336, since NIFTY used those 100 points to come further down from 7788 to 7678.
I had give a very minuscule SL of 20-40 points last monday for buying NIFTY, which go triggered.
I still have the same view that "Missing 100 odd points is OK instead of sitting on top of the trend and wait for panic sell later when the reversal happens."
Advising everyone that if you are long in NIFTY then please the moment NIFTY this time makes a new high above 7992 start wrapping up your positions. I mentioned the same that i would not advise anyone to sit in longs in 8225 zone, the same stands revised by further 100 points down to zone of 8125-8150.
I myself have been stock specific for last two weeks and not traded in both NIFTY and BANKNIFTY.
Above are two stock specific options recommended.
Happy Trading !
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