NIFTY :Yesterday closed at 19133 continuing with the higher highs set up for the 3rd day.
SGX and global cues indicates a huge gap up opening and is likely to open at 19250-300+.
Between 19100-350 around 90.00Lakh Call writing indicates there is going to be huge short covering.In the event of such a huge gap up need to see whether it sustains at 19250+ levels as the call writers may try to pull it down to cover their call writings at around 19100-300.
My approach would be to go positionally long for a Target of 19671 with buy on every dips.
Shall trail the SL as per the resistance levels mentioned.(For educational purpose only)
SGX and global cues indicates a huge gap up opening and is likely to open at 19250-300+.
Between 19100-350 around 90.00Lakh Call writing indicates there is going to be huge short covering.In the event of such a huge gap up need to see whether it sustains at 19250+ levels as the call writers may try to pull it down to cover their call writings at around 19100-300.
My approach would be to go positionally long for a Target of 19671 with buy on every dips.
Shall trail the SL as per the resistance levels mentioned.(For educational purpose only)
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TGT 1 19235 Done
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Likely to open with a huge gap up.Trail SL may be around 19235 and SHALL target 19350/435/564/671.
For those who are long,If a particular target is hit keep the immediate below target as SL.
E.g:If 19435 is hit go long with 19350 as trailing SL and so on.(For educational purpose only)
For those who are long,If a particular target is hit keep the immediate below target as SL.
E.g:If 19435 is hit go long with 19350 as trailing SL and so on.(For educational purpose only)