Since last 1 months, Our nifty level was without failed. Every one enjoying it.
A “Spike” can generate after breaking-out area between Value High to Contro Price. The “control price” always attract value toward it.
The intraday Resistance 11988
There is actually two channel, One is a “major channel” which is still exist because its an excess. If the price starts to fall then, we can more and more fall.
Suppose, the current market price is at an excess, then we can spike downward at 11750 below.
We have sold given to SUBSCREBERS sell call of M&M.
There is excess which i alway prefer to trade. An excess is at value high therefore i suggest you to short this stock at higher level such as 680 nearby.
This is holding call for 10-17 days for target 638-607.
SELL M&M future July 668-670 and stoploss 672 for targets 651-632