Nifty View and Strategy for today 16 September 2014
Yesterday Nifty Closed at 8042.
Nifty is now at very crucial juncture.
Stop loss of many Bulls was 8050,which Nifty breached easily.
Now it may trap the bears also.
Still trend is downside.
Bank Nifty is showing lot of strength.
Yesterday purchased one lot of Nifty PE 8100 in the morning and then purchased one more lot in the afternoon.Net position is now two lots of Nifty PE 8100 @Rs 81.07.
The put closed at Rs. 87.00 yesterday.
Undoubtedly I am in Bears camp but stop loss of bearishness is continued trading above 8072 levels.
First target for bears is 7995 which looks possible today.
SGX Nifty is trading at 8032-8036 (down 20 points) in the morning at time of writing this post.
Nifty has frustrated me quite in this month,lets see now how the trades pan out
Happy Investing
Report: Stopped out of the trades at 116.10
Net profit 35 Rs per lot
Also shorted one lot of bank Nifty today and covered 100 points below
Yesterday Nifty Closed at 8042.
Nifty is now at very crucial juncture.
Stop loss of many Bulls was 8050,which Nifty breached easily.
Now it may trap the bears also.
Still trend is downside.
Bank Nifty is showing lot of strength.
Yesterday purchased one lot of Nifty PE 8100 in the morning and then purchased one more lot in the afternoon.Net position is now two lots of Nifty PE 8100 @Rs 81.07.
The put closed at Rs. 87.00 yesterday.
Undoubtedly I am in Bears camp but stop loss of bearishness is continued trading above 8072 levels.
First target for bears is 7995 which looks possible today.
SGX Nifty is trading at 8032-8036 (down 20 points) in the morning at time of writing this post.
Nifty has frustrated me quite in this month,lets see now how the trades pan out
Happy Investing
Report: Stopped out of the trades at 116.10
Net profit 35 Rs per lot
Also shorted one lot of bank Nifty today and covered 100 points below
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