Nifty trading in upward rising channel, now upside target seems to be 13200--13250.
Trading Strategy for "Nifty" will be.
+1x 31DEC2020 Futures - around ₹ 13000
+1x 31DEC2020 13000PE - ₹ 280--270.
Max. Loss - ₹ -21,000
Estimated Margin/Premium ₹ +40,000
NIFTY we are hitting the resistance areas and is likely to see consolidation and rotation play today.
1. Hold of NF 1255F areas we are likely to see consolidation and rotation to the downside
2. A pullback and test of 11140F areas, and a rotation on the upside from there.
Divergence on oscillators. Bulls lost momentum.
Quarterly results to have little to no effect on the long term as prices have accounted for environmental setbacks.
Corona spreading exponentially, racing with the vaccine.
Buy @ Support levels/Short @ pullbacks