Nifty view for December 12 2017

As a trader our only aim is to make money. So when the index goes up, we wait for the perfect opportunity to pounce.Now Nifty is going up strong, with 3 strong bull candles, a series of resistance are waiting to be taken out. With Gujarat elections results coming up on 18th, it will be a roller coaster ride.

We will wait for RSI to reach 70, because it is where the opportunity of cashing in with put options lie.As for now, make money with all the calls you have, and multiply it with the puts later on.

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