What I wrote yesterday again held true....Nifty bounced from the morning panic and closed in the green. It is still within the 50 points reversal zone between 4200 and 4250 (+/-).....
Tomorrow, even if markets open in the green (unlikely), it will drift towards 4190-4180 during the course of the day or open around that region in the morning as is suggested on the 5-min intraday charts of 1st month Nifty Futures.....After that the pullback should continue upwards and inch towards that 4450 zone in a few days after June expiry.
So buy on intraday dips (but do not buy call options as they will die valueless....).....Do keep a stop of 4143 in case of emergency.....
Happy times !!!....
Tomorrow, even if markets open in the green (unlikely), it will drift towards 4190-4180 during the course of the day or open around that region in the morning as is suggested on the 5-min intraday charts of 1st month Nifty Futures.....After that the pullback should continue upwards and inch towards that 4450 zone in a few days after June expiry.
So buy on intraday dips (but do not buy call options as they will die valueless....).....Do keep a stop of 4143 in case of emergency.....
Happy times !!!....
1 comment:
Dear Saptarshi,
Congratulations.
Your are analysis are superb.
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