January contract expired with our positional traders with awesome gains and day traders in small loss.Major sentiment chargers like our RBI credit policy ,US FOMC meeting all over,nothing surprising happened,result calender also almost over,so HOW WILL MARKET MOVE ????
In year we don't have BUDGET in February too,we told in previous post about channel movement of NIFTY in WEEKLY chart ,so upper target of that is 5250 (When January contract started we were near to low of 4450 ),so we going to short this market with STOP of 5250 in closing basis.Because STOP is bit far we are entering in to OPTIONS.
Major asian market are closed for lunar New Year ,So full strength of participation can be seen on next week in NIFTY. US VIX(Volatility index) is trading near to 18 levels so a reversal is near.
BUY 5100 PUT @ 90
In year we don't have BUDGET in February too,we told in previous post about channel movement of NIFTY in WEEKLY chart ,so upper target of that is 5250 (When January contract started we were near to low of 4450 ),so we going to short this market with STOP of 5250 in closing basis.Because STOP is bit far we are entering in to OPTIONS.
Major asian market are closed for lunar New Year ,So full strength of participation can be seen on next week in NIFTY. US VIX(Volatility index) is trading near to 18 levels so a reversal is near.
Disclosure (Positions)
BUY 5100 PUT @ 90
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