NIFTY - Diwali Effect - Covering Some Positions - 10/27/2016
Diwali - The festival of positivity and light has began, which may help tone down the volatility. There is no guarantee of big bounce but with lack of enough participants and superstitious people who like to start the new year with buying something than shorting, it may try to retest 8750. Again 8750 / 8000 resistance level is on focus.
Based on our previous NIFTY trade idea ( of shorting NIFTY near 8750 on the bounce ) we added to our short NIFTY positions via puts and today we have covered majority of short positions after more than 100 points drop from there. But we will be looking to trade NIFTY from the short side on each big bounce.
Wishing Happy Diwali to all.
Based on our previous NIFTY trade idea ( of shorting NIFTY near 8750 on the bounce ) we added to our short NIFTY positions via puts and today we have covered majority of short positions after more than 100 points drop from there. But we will be looking to trade NIFTY from the short side on each big bounce.
Wishing Happy Diwali to all.
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。