Nifty opened flat at 10210 on Thursday (Muhurat Trading) but traded with weakness for rest of the day. Nifty declined more than 80 point within 1 hour of Muhurat trading and finally closed 64 points down at 10146.
Thursday, I expected Nifty to bounce again above 10251 in coming sessions with 10137 as breakeven point on downside. Trading strategy was Buying on Dips and I suggested buying Nifty Oct 10100 Call if get Nifty in 10150-10137 range using stoploss of 10123.
Nifty declined till 10123.25 and closed at 10146. Oct 10100 Call was available in 60-70 range. Let’s have a fresh look at latest charts for further scenario.
Read more at http://sweeglu.com/elliott-wave-outlook-of-nifty-for-oct-2017-expiry-week/
Thursday, I expected Nifty to bounce again above 10251 in coming sessions with 10137 as breakeven point on downside. Trading strategy was Buying on Dips and I suggested buying Nifty Oct 10100 Call if get Nifty in 10150-10137 range using stoploss of 10123.
Nifty declined till 10123.25 and closed at 10146. Oct 10100 Call was available in 60-70 range. Let’s have a fresh look at latest charts for further scenario.
Read more at http://sweeglu.com/elliott-wave-outlook-of-nifty-for-oct-2017-expiry-week/
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