In last update, We have book good amount of profit from the option trade:
Comment: BUY PUT OF NIFTY strike 11700 70-76 with stoploss 65 and targets 121-148 (CMP 79) wait for range
Comment: start booking on NIFTY PUT… CMP 102
Click here for last update:
From the daily chart view, is signaling a sideways range movement in the market. Short term trend of Nifty is choppy and will expect to trade in the range of 11547-11636 intraday. After breaking, up-side will require a new update and downside breaking will lead to attracting target 11476-11489.
Intraday resistance at 11636 nearby where sellers can start taking their steps for target 11476-11489 if breaking down 11545.
- The general trend, however, is expected to remain bullish. General elections on April 11.
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