Thursday, 25 August 2016

Nifty Future 25082016

It opened above PDH and traded in a narrow range above it for first half of the day.  It broke down and presented a nice BPB setup to initiate short which moved well and made up for the week where it did not do much.  It was kind of a day where as Motilal Oswal says, you have to "Buy right and sit tight." The Nifty 8600CE which I sold at 60.30 became 0.

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