#Nifty Trade Update

7/8/23, Monday, 2nd week.

Day end +310/- profit.

Balance = 41792/-

Market opened slightly gap up @19560 came down to fill the gap Near PDH and went up Day high which was just near DO. It was making bearish divergence in RSI and momentum was weakening so bought 19400 put near 24-25, 2 lots and sold at 31. The trade ended at 10:30 AM.

Came back to the market around 1:30 PM and market was trading above daily open at 19620. It came to 19580 to retest the previous day high and started to move up just right at preferred time around 2:15 - 2:30 PM.

Bought 19900 call option around 25 And closed it soon. Market didn’t go up much after 2:15 PM and went sideways till closing at 3:30 PM.

Forecast: it wants to go down it seems, so it might open gap up near 19640 tomorrow, take the FVG in 15 min tf. This area is also 0.618 fib level. So Tomorrow might me —> gap up and then move down for whole day.

Let’s see

images:

Statement

Balance

Nifty Chart