5883 Short possibility
Reason for short
a) bearish flag set up
b) 39000 is strong resistance and it is round number resistance as well.
Hence 39000 ce short (21 April expiry) at 110 to 130 with hedge of 40000 ce (21 expiry date)at 20 to 30 premium (bear call set up till next monday - 18 april 2022)
a) bearish flag set up
b) 39000 is strong resistance and it is round number resistance as well.
Hence 39000 ce short (21 April expiry) at 110 to 130 with hedge of 40000 ce (21 expiry date)at 20 to 30 premium (bear call set up till next monday - 18 april 2022)
Order cancelled
gap down invalidate the set up
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.