Dear Friends,
For Nifty Future traders who would like to trade as per trend check strategy posted in 1st post of the thread, Nifty levels for tomorrow are as under:
Resistence at 2971
Support at 2905
If you go short 1 lot then, buy 1 lot at money or near money call and if you go long 1 lot then, buy 1 lot at money or near money put to hedge.
Today Nifty managed to close above 2900 and if it continues to close above 2900 for another 3-4 days then, we might see bullish trend to continue for a while.
But TA suggest some profit booking tomorow as Nifty is in over bought zone. So, we might expect sideways rally.
Would reco. to follow the trend check strategy as per 1st post of this thread for Nifty futures trading with options hedge.
Regards