1. NIFTY on Friday ended positive in spite of negative sentiments
2. Last Swing High 10544 and still in uptrend with Swing low at 9540. A 1000 point range is possible.
3. Support at 10150, 10000 and 9800. Resistance at 10300, 10544.
4. Rising Wedge pattern formation again. Rising wedge pattern support at 9800. If it breaks we may/should quickly see 9000?
5. No new investment below 10544 and now 9000 sounds a good buy area which is not the case 3 weeks before 😀.
6. US markets ended down 2% fearing 2 wave Corono impact.
7. Monday Indian market may open lower with negative sentiments around 2 wave Corono impact and China border issues getting heated up again. We need to see whether it holds 10000.
Closed 9500 Puts with 0.75R profit.
Carrying 9800 Puts and a Calendar Spread of 9800 and 11400.
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