Verdict:
Market is sideways.
Plan of action:
Sell 20100 CE and 19950 PE
Any stock moves in the form of accumulation -> trend -> distribution.
Nifty started the accumulation phase and went into the trend; as it touches time high now, people will start booking their profits.
As we discussed in yesterday’s analysis, it requires some consolidation today. It was mostly consolidation today. As Expiry is the day after tomorrow, I am not expecting any big moment in NIFTY.
Don’t go for buying options right now. If you want to trade NIFTY, go with option selling.
Reason:
Verdict:
Market is sideways.
Plan of action:
Sell 20100 CE and 19950 PE
Disclaimer:
The information provided in this blog post is for informational purposes only. It is not intended as financial, investment, or trading advice. The author is not a licensed financial advisor or professional.
Trading and investing in financial markets carry inherent risks, and past performance is not indicative of future results. Readers should conduct their research, consider their risk tolerance, and consult with a qualified financial advisor before making any trading or investment decisions.
The author is not responsible for any financial losses or gains that may result from actions taken based on the information presented in this blog post. All trading and investment decisions are made at the reader’s own discretion and risk.
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