What is going on in Stock Market???

in nifty •  7 years ago 

Date of analysis – 22/06/2018
As we can see, yesterday it was a game changer.
Nifty Opened at 10,741.90 then made low of 10,710.75 before closing it made high of 10,836.45 and closed at 10,821.85
Nifty again tested support level of 10,700 and bounced back from that level.
Below data proves that nifty is having strong support level at 10,700 Levels.

Your new TVC.png

Take look at daily lows of last 5 Days
Date - Low of the Day
18/06/2018 - 10,787.35
19/06/2018 - 10,701.20
20/06/2018 - 10,724.05
21/06/2018 - 10,725.90
22/06/2018 - 10,710.75

So from above data we can conclude that there is aggressive buying at 10,700 level. So in this expiry nifty will close above 10,700

Recommendation:
Sell 10,700 PUT at 20. With Target of 0.10
Expected profit from this transaction - Rs. 1,500/- in just 4 days.

Image Courtesy - www.investing.com

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Hey bro I am also a Analyst Im happy to follow you and upvote.

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Done buddy. Lets work together.

Yap good analysis.

Damn I can see you are quite an analyser! Nifty is going crazy I think it is high :P
Great article!

thank you for appreciation.
i feel that now bull run is about to come

Keep sharing, keep updating bro...

thank you mate.

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Pls followww & upvoteee my posttt & wil do the sameee.

What ever it is but its bad

Sorry. can you elaborate it please?
I did not understand your context