Nifty & Bank Nifty Trading Strategy as on 14 June’13

Nifty as on 13 June’13– 5699.10 (-61.10)    Bank Nifty as on 12 June’13– 11686.75 (-128.10)

Nifty opened gap down by 50 points and didn’t give any chance to traders who expected blood bath in the session. In fact it didn’t gave any chance who go short in live market, they all stuck. Only who were already short in market were benefitted. Similar situation was of Bank Nifty.

Technically speaking, pace at which market is falling and last two trading sessions candle force me to doubt on Bears, because from last two sessions we are getting very small real candle, like doji and star pattern, which is indicative that Bears are not in full control of the situation. On the other hand, if such situation persist, than perhaps we might get Hidden Bullish Divergence, it is little early to comment on it. But be practical and focus.

Nifty Trading Strategy

Yesterday, Long Strangle gave more than 60% return on your invested capital in an intraday, as I have already asked my readers to book profit. Now we’ll wait for right opportunity.

Bank Nifty Trading Strategy

Bank Nifty Long Strangle is also giving near about 60% return. I am sure many of you must have booked the position already, if not than book it.

At Way2Profits, we always give you unbiased view.

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