NIFTY 50-
This Channel is intact. Monthly Resistances are 22700 & 23000. Current month CPR is wide, hence as per theory, index should test the CPR and move Higher till R1. if it is extremely bullish then R2.
Pull back will test moving average as well. I definitely buy Nifty @ 22200 with a SL.
How to Trade this Range in April.
22250 CE- 1 Lot- Buy
22700 CE- 2 Lot- Sell
22000 PE- 1 Lot- Sell
Break Even @ Expiry- 22256, 23144 (Lower Level is @ Pivot) If Nifty closes below Pivot I will close this trade.
Margin required 1.65 Lacs (Max profit 22k)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by Me.
This Channel is intact. Monthly Resistances are 22700 & 23000. Current month CPR is wide, hence as per theory, index should test the CPR and move Higher till R1. if it is extremely bullish then R2.
Pull back will test moving average as well. I definitely buy Nifty @ 22200 with a SL.
How to Trade this Range in April.
22250 CE- 1 Lot- Buy
22700 CE- 2 Lot- Sell
22000 PE- 1 Lot- Sell
Break Even @ Expiry- 22256, 23144 (Lower Level is @ Pivot) If Nifty closes below Pivot I will close this trade.
Margin required 1.65 Lacs (Max profit 22k)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by Me.