#Nifty
For 13-03-2019
Support for Nifty comes at 11256-11190-11116
Resistance for Nifty comes at 11390-11523
So finally Nifty broke out that is the noise everywhere. Speaking pure technicals Nifty broke out of double bottom pattern at 10580 by moving above 11090. Technical targets of that could be 11600.
However, there is old saying in stock market when all are greedy be fearful. So as told yesterday i will not buy any Nifty options in this rally. In fact i will look to sell some of my holdings in my stocks.
Disclosure: I do not hold any position in Nifty Futures but holding puts of Nifty to hedge me against some unexpected.
For 13-03-2019
Support for Nifty comes at 11256-11190-11116
Resistance for Nifty comes at 11390-11523
So finally Nifty broke out that is the noise everywhere. Speaking pure technicals Nifty broke out of double bottom pattern at 10580 by moving above 11090. Technical targets of that could be 11600.
However, there is old saying in stock market when all are greedy be fearful. So as told yesterday i will not buy any Nifty options in this rally. In fact i will look to sell some of my holdings in my stocks.
Disclosure: I do not hold any position in Nifty Futures but holding puts of Nifty to hedge me against some unexpected.
Comments
Post a Comment