- earlier we had discussed the importance of 15628 and 15735and Nifty made a low of 15635 and high of 15737 that day.
- In our previous post we had given levels of 15804 - 1840 levels for today
That is exactly where we have seen Nifty spend the whole day today.
- on a 15 minute chart
- First candle, Nifty closed at 15807 and (3 points above 15804) - last candle closed at 15838 (2 points below 15840)
Need we say anything more...
Charts have a lot to tell you... are you willing to listen?
Going forward, Nifty 15742 should be held on to.
On the upside, further movement towards 15915 / 16020 can be expected only on sustaining above 15865
We were able to capture Nifty movement with the help of Technical Analysis and Derivatives Strategy. 🙂
Our strategy update We had suggested selling Nifty 15700 Put option for 15 July expiry
15700 Put (suggested selling at 120) closing price today: 52
Profit of 68 points so far. Continue to hold
Happy trading....!!!
Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
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