Sreekhar
Short

Cypher just completed on the nifty

NSE:NIFTY   Nifty 50
242 8 4
Short. With a target of 7700.
I am holding Dec 7000 Put , is it working if Nifty fall to 7700 ?
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Sreekhar MindTrader
yeah atleast for the short term
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stop level ???.............. lets watch looks promising
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Sreekhar jk11088
8800 should be a safe stop. I do not think it would cross 8800. This is a perfect example of almost 0 risk trade.
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Time plz for 7700 ?
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Sreekhar MindTrader
a month probably. It might go to 8000 from here then go to 8250, and then go to 7700 then to 8000, then to 7500.
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Sachinsyd Sreekhar
thats too quick. Some catalyst required like Euro bank failure or US rate rise
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Sreekhar Sachinsyd
I observe DAX has just finished a bearish gartley pattern, FTSE, CAC and Nasdaq too are sitting at resistance points. I think there is something on the way in the next few weeks.
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