As discussed live Bank Nifty found support just under 26000 which might also mark a yearly low or near about +- 300 points.
As we can see immense negativity all around the globe, lot of traders have asked me where can this mayhem end because even if you try shorting a vix of 30-40 you are bound to get knocked down.
I know I can be proved wrong next week but I feel this week should mark as a medium term low in global equities.
Decision Range
26437-26536
Support for the day
25895
Resistance for the day
27062
Expectation
Range bound day , with sharp rally into close , 27000 might be tested
My trade
I'll try to short puts near support
Real time updates
I'll update whenever I get time
I have posted multiple straddles which gave money in hours
As we can see immense negativity all around the globe, lot of traders have asked me where can this mayhem end because even if you try shorting a vix of 30-40 you are bound to get knocked down.
I know I can be proved wrong next week but I feel this week should mark as a medium term low in global equities.
Decision Range
26437-26536
Support for the day
25895
Resistance for the day
27062
Expectation
Range bound day , with sharp rally into close , 27000 might be tested
My trade
I'll try to short puts near support
Real time updates
I'll update whenever I get time
I have posted multiple straddles which gave money in hours