September gameplan :
1. VIX should continue to rise from here
2. Aggressive trade would be to short Nifty here with SL 18010
3. Sure short on closing below 17440 on eod basis
#positional_view
@SubhadipNandy16
The reason behind this prediction is the huge Future Short positions by the FII's. Average selling price is around 17600 so not expecting to cross 17700.
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@SubhadipNandy16
Currently nifty at 17540 so 18010 sl will be 470 points sl i.e 23k per lot what will be reward for this much of risk?? Why not shared target also
@SubhadipNandy16
Mr Nandy- donโt you think that stop loss of 18010 is insane. Ghar baar sab bikwa doge aap tho. Aur yee positional main stop loss kase hota hain?
@SubhadipNandy16
Closing below 17550 can also be considered for Shorting Nifty as that is where Life VWAP is (17574) and this OI of 1.27 Cr in Nifty Futures is one of highest in recent months
@SubhadipNandy16
Don't know much about tomorrow but if nifty future open above 17650 n sustain a while then 17825 possible. Although I don't have any position, trade accordingly chart n data.