Monthly View
This view is Useful till
1) May 15 , 2020
2) Break of 10040
whichever condition occurs earlier.
Things to remember
1) Volatility is unusually High. Record High --> Small lots, Quick to book profits on both the sides.
2) Monthly very large loss because of social and economic uncertainty --> Mostly lesser than March range < 4000 point Range
3) Possible Range for April --> 10040 - 7000 , As of March 27, 2020 Option Market is indicating 7080 to 9920
4) Look to enter trades on short side when daily indicators are overbought -> Sell Calls, Sell Future
This view is Useful till
1) May 15 , 2020
2) Break of 10040
whichever condition occurs earlier.
Things to remember
1) Volatility is unusually High. Record High --> Small lots, Quick to book profits on both the sides.
2) Monthly very large loss because of social and economic uncertainty --> Mostly lesser than March range < 4000 point Range
3) Possible Range for April --> 10040 - 7000 , As of March 27, 2020 Option Market is indicating 7080 to 9920
4) Look to enter trades on short side when daily indicators are overbought -> Sell Calls, Sell Future
Trade active:
This view is still active. There are two zones to watch for
1) 9400-9500
2) 9970 -10040
1) 9400-9500
2) 9970 -10040