Last Analysis, ATR is till in its own range. Stoploss was triggered at 11585 and lost 35-45 points lost.
Nifty can open gap up 45-60 points up.
Profit booking expected 11724-11734 by Fund-Managers. Short seller and short term down trend direct will predict after 108 -ve points on the nifty only.
Gap up opening and selling pressure can be expected in 30mints of opening.
Trialing stoploss for short seller 11748 and 11777
targets can be 11510-11479
BUY put of Nifty Future 11700 between 48 – 66,
Trade steps,
For example, if i want to trade 10-lots,
- First trade setup @ Rs.66 with 3 lots
- Second trade setup @ 52 with 4 lots
- Last trade setup @44 with 3 lots
Targets are 122 first and then 178-196
