Ceasefire celebration continues on Dalal Street. Nifty up 1.0%

Today, Nifty exhibited a robust bullish reversal from Thursday's subdued sentiment. It opened 105 points higher and sustained the momentum, currently standing 285 points above its previous close.

The MHAF chart is showing a bullish trend with a strong green candle formation and a lower shadow. However, we were waiting for our profit booking level. According to our strategy, we planned to book profit and close all positions when 80% of the maximum profit was attainable. Today, due to a drop in India Vix, this opportunity arose sooner than anticipated, and we closed the position with Rs 1,30,000 for the month.

We will not be engaging in any further trades for the April series. We need to wait for three more weekly expiries before the next potential opportunity arises. Until then, happy trading and best of luck.