Nifty Wolfe Wave Study (Positional) 24-01-2016 To 29-01-2016
A complex and painful corrective wave is going to finishing bottom (For the bottom of 7236-7122)start buying with the targets of minimum 7714-7721 spot and maximum of 7811 spot.
Market will take support in between these levels(7236-7122 spot both are confluence zone- Buying point) and will rally towards 7721-7811 spot levels. Only due to accumulations. Calls-puts, market is struggling in such a manner. From Monday to Friday if 7236 hold then upside will be start. If a break of recent low of 7241-7236 spot and recent high of 7482 spot. The time factor is in the hands Option traders.
Note: If 7241-7236 are break then market can drag towards 7127-7122 , here also Buying zone , and upper side if break 7482 then confirmation of uptrend . If closing come abv 7482 then accumulate Calls.
Good work but can't understand when to enter in nifty
ReplyDeleteGood work but can't understand when to enter in nifty
ReplyDeleteEnter near comfortable zone , just keep SL 7236 Spot ....!!
ReplyDeletealready enter sir as per ur recommendation on 8000 FEB calls
ReplyDeleteHold your positions... when we will exit into positions ,update here
DeleteManoj Sir, Is it wise to enter when the jan series in still on or we should wait for it to expire
ReplyDeleteBought ( Positional ) Feb
ReplyDelete7900 CE @ 18.53 ( 150 Qty )
7000 PE @ 36.30 ( 75 Qty )
Expecting nifty till 10-15 Feb 1 side 300-350 moment... ? What you think it is good strategy ? 😜
Bought ( Positional ) Feb
ReplyDelete7900 CE @ 18.53 ( 150 Qty )
7000 PE @ 36.30 ( 75 Qty )
Expecting nifty till 10-15 Feb 1 side 300-350 moment... ? What you think it is good strategy ? 😜