Flashback
Readers who went long in JPA at 236 would have printed out the almighty dollar as JPA moved to 242 before giving up gains.
Readers who shorted nifty future on break of 4515 would have bought the minting press as nifty crashed nearly 100 points from entry.
Another expiry day beckons, with a promise of even more volatility.
Bear Level
Short nifty future at 4535 with stoploss at 4565 for targets 4495, 4435, 4395, 4375.
Bull Level
1) Buy nifty future at 4375 with stoploss at 4350 for targets 4405, 4435, 4480.
2) In the scenario of nifty future crossing 4610 , buy on retracement to 4570 with stoploss at 4540 for targets 4630, 4650, 4690
As usual there are no stock recommendations for expiry day.
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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