nifty

7 mai 2020

u always have 3 case
gap up
gap down
flat( this case these days are unlikely)
we will discuss how i m going to trade going ahead
take case 1 which seems to be more likely for tomorrow, if we see gap up again u have 2 case
price keeps going up
price open up and starts falling
I personally believe if gap-up will happen and if u r long one should book in gap-up as over all trend is weak u will immediately see a selloff.
suppose it didn't happen and it break loc then 9550 or gap or island reversal gap whatever u say is going to act as massive resistance
in case of the gap -- now in case of gap down we have supports which I plotted in chart

ultimately my understanding is market is going to toggle in between 9500 to 8900 for few days

my strategy will be on bounce i will sell 9550 and 9600 calls
in dip 8900( this i will keep small qty as compared to calls )
a lot of talk abt stimulas in case stimulas comes --- i beleive it will be short lived

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8 mai 2020

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