Will madness continue on NIFTY
Tomorrow at 17400-500 let us book once and wait for that break of 17500-50. If we get it at one shot let us continue with our buy after 17550. If we get a dip to either 17300 or 17200 let us buy with stops of 20points and again trail at 17500-50 depending on price action there.
Expectations are for the mad rally to continue to the moon probably to as high as 18700-800 and very fast. But let us keep trailing and be careful. If we get a dip this week i shall try a leveraged itm option position either 17250ce or 17150ce and hold for the whole target or stops of 50points. Let us take full advantage if the full target gets completed or trail. Futures mai let us keep trailing and day trading as planned.
I shall not short nifty unless invalidates and moves below 17000.
Expectations are for the mad rally to continue to the moon probably to as high as 18700-800 and very fast. But let us keep trailing and be careful. If we get a dip this week i shall try a leveraged itm option position either 17250ce or 17150ce and hold for the whole target or stops of 50points. Let us take full advantage if the full target gets completed or trail. Futures mai let us keep trailing and day trading as planned.
I shall not short nifty unless invalidates and moves below 17000.
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