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When dealing with F&O Options, it's a good strategy to concentrate on calls that have the potential to offer 10x returns. This way, there's a good chance of achieving at least 2x returns swiftly.
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Respect Bulls π Bears!!!
Remember that Giftnifty shouldn't make us to overjoy or frustrate. Bulls soar like the sky, while bears are grounded like the earth. We need to respect both sides; otherwise, we might find ourselves facing some tough fallsβeither from the sky or down to the ground!.
The bulls made several attempts to break through the 23,500 or 23,600 levels last week, but ultimately, the bears prevailed. I have a feeling that the 23k mark might break tomorrow, especially without any support from Nifty. We'll need to watch closely to determine if this is the final dip or if further declines to 22k are on the horizon. Let's see what tomorrow brings!
Individuals often take profits when they see a 10% increase, yet they hold onto losses even after a 100% decline. It's quite disheartening. If the price falls below your purchase price, it's advisable to sell and consider reentering later if necessary. Avoid holding onto losses and focus on short-term trading, particularly with options.