Nifty Moving Average (SMA)
5 Day — 16,245
20 Day — 16,312
50 Day — 16,753
200 Day — 17,262
Current market price 15,750.
5 Day Moving Average, which is itself coming down rapidly, maybe tested by next Monday.
So the possibility of retest of 16,000 level is high in the next one week.
We bought this Bank Nifty Call Option (37000 Call- 09 Dec 2021 expiry) yesterday, and posted this message. And this option has hit its target of 250 today itself, giving 100% gain within 24 hours. The setup was very good, but it comes once in 2-3 months.
This Bank Nifty Call Option (37000 Call- 09 Dec 2021 expiry)was our top buy today, because it was having a very reliable setup that comes once in 2-3 months, which must not be missed. Our average buying price is 125, and our target is 250 (for 100% gain), and the target is highly likely to come before 09 Dec 2021. In fact, the target can come within this week by Friday, 03 Dec 2021.