#Nifty #Nifty50 Analysis for coming week based on my positions.
I am holding complete sideways positions for tomorrow. Despite fall on Friday, I am still sideways.
Market has been revolving around 11500 for many days. I am not sure which way the market can swing 1/n
So I am holding positions to both sides with hedge. There are 4 positions open right now, and I will have to cover atleast 1 or 2 of them either cost to cost or minor profit/loss incase I sense a direction coming. Currently I am keeping my mind open to any direction. 2/n
Quantitatively, Data is sideways for #Nifty and bearish for #BankNifty. Which makes bias sideways to bearish. Banking sector can turn Nifty bearish, or a sudden sideways counter move can pump market up. So it can be totally mess. So all eyes on market tomorrow. 3/n
Till we are sideways, I am holding my positions. Once we get a direction, I will cover the losing side and try to cover the positions. Since it is monthly expiry, I will be very fast in closing the wrong side. Last two expiries have been silent. Monthly can be violent.
All #Nifty Positions in the safe zone now. By expiry this will go to +94000/-. I notified that I will exit one side of positions in previous thread. I exited all puts at around 11470.
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