Nifty50 moving higher, we were expecting 23600 and we hit the target. Nifty has not reached top yet, this is just internal wave 3 which will end followed by internal wave 4.
Nifty 50 moving higher
Nifty 50 rally is an impulsive rally probably wave 3. This wave 3 can be extended also but has reached key level areas. For a longer trend some pull backs are important for market structure. Wave 4 is pending, there will be 500+ points pull back since rally has been good so far.
Upside for wave 5 will be discussed later.
When to buy call or put?
Buy / focus on Call Option when price is trending higher, and price is above 100 EMA
Buy / focus on Put Option when price is trending lower, and price is below 100 EMA
This is easy way to focus on trends and good moves. You can reduce Time frame, e.g. if you did not follow KISS BOT and entered late and don’t want to hold positions then lower time frame to 5 min and 2 min.
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