Nifty Pre Open Technical Analysis: 11th April 2018

Nifty may Open in Green tracking the Ques from US markets huge Upmove Yesterday.

However, SGX Nifty is trading sideways and is up by only 1.5 Points. Tracking this, Indian market may open sideways to higher with Positive Bias.

 

Today’s market Updates Would be made available here as and when the market moves with Time.

So today’s Nifty Pre Open may be positive

Nifty Pre Open’s gains are given up and Nifty Also went negetive and now recovering.

Nifty Displaying a slight negetive bias in the markets due to heavy weights of Oil companies falling due to high crude prices.

Nifty Options Trade Updates for the Day:

Though Nifty opened lower, Nifty scaled really well around the levels of 10396 levels where we saw an EMA crossover. Nifty options moved in sync with Nifty futures today and delta was around 0.25.

At the moment, I bought 10450CE at 82.5 levels to sell at 95.35 levels. Also around the levels of 10425 levels, Nifty Future showed another EMA crossover grossing another ₹1835 in profit. 

Just this one trade grossed me – ₹3855 in profit. 

Today’s scalping was really a Darling and showed an amazing 23 points profit in daily trade list. 

All in all a Superb and Great Day for Nifty Options traders.

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Happy Trading! Happy Money Making!