Nifty Update 24th May 2017

SGX Nifty Futures

LTP   10,940.00   +26.00 +0.24% High 11,041.50 Low 11,001.00 (Change Vs Today’s Nifty Futures (NSE) Closing)

Nifty Update 24th May 2017

Silver has been doing very well over the past few trading days and is up 2000 INR from our entry level.  We had openly mentioned that Silver in panic needs to be bought and we did buy Silver around 38000 levels. Today morning Silver touched the price of around 40000 levels what to do Buy, Sell, Hold or Add? All details will be given to our clients.  If you are trading only on the basis of this post please use your own risk management and then only trade.  Please do not over trade under any circumstances.

Nifty is moving perfectly along expected lines. We will keep trading in and out in the immediate term as deemed fit. Post this immediate term we see Nifty heading towards our target of ______. Many people who are not our clients are just holding or trading naked short positions but the important point to note is that more than the direction of the trade it is much more important to use appropriate strategy and trade this current move. What strategy to use to make the most money with least risk? sell Nifty? Buy Puts? Buy Calls? Hedge? Sell Calls? Buy Nifty? Sell Nifty and Sell Calls  Buy Calls and Sell Nifty?  Buy Calls and Buy Nifty? Buy Nifty and Sell Puts? What exactly needs to be done we will keep updating and guide our clients. Those who are not our clients and are only trading on the basis of this post please do not over trade and use your own risk management system and trade.  Expect the unexpected from now on.

Good Trading To You!