#NIFTY awaiting events,10200 a psychological and important level
Nifty might consolidate with a few events in the line up. For now 10200 is a psychological and an important level for Nifty.
While PUT CALL RATIO is on the rise and the chances of the expected party of winning being high in the elections, the market most probably is going to go upwards.
For risk takers, I'd suggest a trade of going long in the market by buying an OTM CALL option around 200-300 points away with a stop-loss of 10200 level on closing basis because the RISK-REWARD-RATIO is just way too awesome, considering the elections day volatility.
I actually never suggest buying price, stop-loss and target price, I only suggest the trend of the market and buy on dips and sell on rallies because for every trader the risk appetite is different and giving price points never works.
I know that by my personal experience from back when I first started.
Just go with the flow, KEEP THE POSITION SIZE SMALL and like my status says, "Your Winners must outweigh your Losers".
Follow these three things and nobody can beat you in the market.
Thank me later.
While PUT CALL RATIO is on the rise and the chances of the expected party of winning being high in the elections, the market most probably is going to go upwards.
For risk takers, I'd suggest a trade of going long in the market by buying an OTM CALL option around 200-300 points away with a stop-loss of 10200 level on closing basis because the RISK-REWARD-RATIO is just way too awesome, considering the elections day volatility.
I actually never suggest buying price, stop-loss and target price, I only suggest the trend of the market and buy on dips and sell on rallies because for every trader the risk appetite is different and giving price points never works.
I know that by my personal experience from back when I first started.
Just go with the flow, KEEP THE POSITION SIZE SMALL and like my status says, "Your Winners must outweigh your Losers".
Follow these three things and nobody can beat you in the market.
Thank me later.
