Recommendations for Nifty 13/08/2021 ( friday)
1) Tomorrow being Friday . Premiums will be very high . So we should not take positional calls of current week expiry to carry forward next week. And to remind .Next week , the expiry day is Wednesday(18/08) and Thursday is trade holiday.
2) To enter CE BUY only above 16380 for target 16440.
3)Most likely excepting nifty to go down , so the preferences is to stay at PE BUY side.
To enter PE BUY, only below 16330 . There are high chances it drops to touch 16270 as it is a price gap. If it breaks 16250, Next important support is 16180 , if it breaks 16150, next important support is 16125.
4) If nifty turns flat at any point, you need to smarty manage the premium decay. The tip is, do not buy lot for your whole fund. Buy first 25%, then after 1 hour if price stays at same point , then average with more 25% of your fund. Keep remaining 50% of your fund safe as it is not so worth to trade tomorrow.
THANKS,
Trade profits
