NIFTY is all set for next 100 points move.
If it crosses 7990/8000 in next 2/3 days then chances of Wolfe Wave to take NIFTY to 7500 is almost nil.
Several shorts must be trapped in this unexpected bull run for last 10 trading days and one could see short covering and roll over today/tomorrow. It could take NIFTY to new high.
All bear theories have failed so far.
IVs are at all time low. No point in selling CALLs.
Buy 8200 CALLs of September expiration around 20-25. and 7600 PUT around 22-25 of September expiration in small quantity.
Disclaimer: This blog does not take any responsibility of your profit/loss
If it crosses 7990/8000 in next 2/3 days then chances of Wolfe Wave to take NIFTY to 7500 is almost nil.
Several shorts must be trapped in this unexpected bull run for last 10 trading days and one could see short covering and roll over today/tomorrow. It could take NIFTY to new high.
All bear theories have failed so far.
IVs are at all time low. No point in selling CALLs.
Buy 8200 CALLs of September expiration around 20-25. and 7600 PUT around 22-25 of September expiration in small quantity.
Disclaimer: This blog does not take any responsibility of your profit/loss
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