Hi Traders/Investors,
I see NIFTY on Friday 26th 2022, couldn't close above 21st June's High price of 15707 and secondly it closed below 15700.
I know DOW and S&P500 both closed well in green with more than 2.6 - 3% on Upside.
But when I see NIFTY chart and Open Interest in the system, there are lot more Calls in system than Puts. Also, if I see FII data they sold more than 2000crores on Friday as well.
So, my trade for next week would continue to be on the downside, I don't see Bullish signs yet in NIFTY as NIFTY gave close to half it gains from High it made on Friday.
This might sound like a contrarian view against general views, but often markets do quite the opposite of what masses think. I hope I'm wrong but if I'm right you'll thank me later! :)
So, the two trendlines which you see in the chart, I'm expecting if market opens flat and then the red trendline break out on good volume on upside, I might add some LONGs.
BUT, if its a big Gap-up opening, I might add SHORTs at 16000 and 16200 levels. Remember these are positional calls and not Intraday.
Please take positions at your own risks and these are not Buy/Sell recommendation but my personal view on markets.
Regards,
Anshul
I see NIFTY on Friday 26th 2022, couldn't close above 21st June's High price of 15707 and secondly it closed below 15700.
I know DOW and S&P500 both closed well in green with more than 2.6 - 3% on Upside.
But when I see NIFTY chart and Open Interest in the system, there are lot more Calls in system than Puts. Also, if I see FII data they sold more than 2000crores on Friday as well.
So, my trade for next week would continue to be on the downside, I don't see Bullish signs yet in NIFTY as NIFTY gave close to half it gains from High it made on Friday.
This might sound like a contrarian view against general views, but often markets do quite the opposite of what masses think. I hope I'm wrong but if I'm right you'll thank me later! :)
So, the two trendlines which you see in the chart, I'm expecting if market opens flat and then the red trendline break out on good volume on upside, I might add some LONGs.
BUT, if its a big Gap-up opening, I might add SHORTs at 16000 and 16200 levels. Remember these are positional calls and not Intraday.
Please take positions at your own risks and these are not Buy/Sell recommendation but my personal view on markets.
Regards,
Anshul
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.