When we say consolidation we mean market trading in a range, range is known as support resistance in this case. When nifty future is in consolidation period, most of the traders plot support level at bottom of price and resistance to top of price action. Now trading idea is to short sell nifty future when it reaches resistance line, buy nifty future when support level is being tested. This is ... [Continue Reading]
Nifty Options Stratregy for November Series, Buy Nifty 4900 Put and Nifty 5300 Call
The Europe is facing a tough time now, the meeting between the finance ministers of European region is to be held on Wednesday. This meeting will be based on the fact how to address the debt of Greek economy as well as increasing funding limit of EFSF to 2 trillion EURO from its current 440 Billion Euros. So after the outcome of this meeting we will be seeing huge extraordinary movement on stock ... [Continue Reading]
