Logic of the low risk November PE is simple.
As seen form the chart, this PE has declined from 180 all the way to a low near 9 today.
Nifty on daily charts is very close to being overbought, and there are very good chances of Nifty seeing a correction now.
Bulls can call it a correction, bears can call it a crash, but this low risk PEs (even 5500 or 5600 PE)
are worth buying to have an insurance against any crash / correction in November.
It is highly unlikely that Nifty will keep going up.
As seen form the chart, this PE has declined from 180 all the way to a low near 9 today.
Nifty on daily charts is very close to being overbought, and there are very good chances of Nifty seeing a correction now.
Bulls can call it a correction, bears can call it a crash, but this low risk PEs (even 5500 or 5600 PE)
are worth buying to have an insurance against any crash / correction in November.
It is highly unlikely that Nifty will keep going up.
1 comment:
6100 oct put may rise to 200 , if not closed below 30
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