Ceasefire celebration continues on Dalal Street. Nifty up 1.0%

Today Nifty showed strong bullish reversal from the dampened sentiment of Thursday. After opening up by 105 points it maintained the momentum and right now continues to be ahead by 285 points from it's previous close.

Everything is looking bullish on the MHAF chart with a strong green candle formation with lower shadow. However, we have been waiting for our profit booking level. As per the strategy we were supposed to book profit and close all positions when 80% of the max profit was achievable. Today, due to the collapse in India Vix, that moment came earlier than expectation and we closed the position with Rs 1,30,000 for the month.

We are not going to take any more trade in this April series. We need to wait for 3 more weekly expiry before the next opportunity will potentially emerge. Till then, happy trading and good luck.