NIFTY has formed strong support at 6700-6680 levels in spot.
Buy NIFTY future keeping 6700-6680 as SL(-10 points.)
There is no other way to deal in type of market. If one can not manage trades in future then it is better to stay away. It is always sector specific. Yesterday was pharma today maybe banking again as banks slightly corrected yesterday and one can see huge buying today in banks.
So one can even buy BANKNIFTY with a strict SL.
L & T could go up today as it was correcting yesterday.
Buy LT Future with 3-4 Rupees stop loss. These kind of pure trading strategies should work rather than options, where we usually used to take positional trades for a week or two.
NIFTY opens up than its prior close, corrects by 40/50 points and closes near to opening range. This is a trend for last 6 trading sessions. Every lower level is immediately bought in to. Risk reward ratio is not at all favorable. So we are staying away from market till reaches normalcy or we find some compelling trading opportunities with very low risk reward ratio.
Disclaimer: This blog does not take any responsibility of your profit/loss
Buy NIFTY future keeping 6700-6680 as SL(-10 points.)
There is no other way to deal in type of market. If one can not manage trades in future then it is better to stay away. It is always sector specific. Yesterday was pharma today maybe banking again as banks slightly corrected yesterday and one can see huge buying today in banks.
So one can even buy BANKNIFTY with a strict SL.
L & T could go up today as it was correcting yesterday.
Buy LT Future with 3-4 Rupees stop loss. These kind of pure trading strategies should work rather than options, where we usually used to take positional trades for a week or two.
NIFTY opens up than its prior close, corrects by 40/50 points and closes near to opening range. This is a trend for last 6 trading sessions. Every lower level is immediately bought in to. Risk reward ratio is not at all favorable. So we are staying away from market till reaches normalcy or we find some compelling trading opportunities with very low risk reward ratio.
Disclaimer: This blog does not take any responsibility of your profit/loss
