Nifty Weekly Trading

A new week a new day but start with the same levels we are in last week.

As I mention Range bound moves Nf trades in 5475-5600 range.

There are only intraday trades & cant be traded positionally as both side Sl got hitted.

Our this Week SAR is 5545,but due to petrol price hike we may witness a sell off today.

So go short below 5520 level for 30-50 points as the case may be with a sl of 30 points.

For going Long we have to wait for 5620 level.

A deccesive breakout above it will bring some momentum,but I believe now market slowly ranges in downward direction.

I have sugessted a Option writing of 5500 Pe & 5600 Ce for a week & it gives nearly 60 points till friday.

Now if any one hold it than continue to hold with sl of 130.

Our regular Option hedging is also minting money to many of Viewers. Uptill now nearly 60-80 points.

NADEEM & Cooldent ask how to avoid whipsaw?

I sugest them to not to trade for another 50 points as market getting suport & resistence at our Long Short Levels.

Any one else facing any problem than directly contact me on my mail.