April 2nd - Finnifty overview
- 21220 is acting as an excellent resistance
- 21120 is acting as an excellent support
- VIX is very low and the market is range-bound
- We can see that the market is forming lower highs on keen observation.
Based on the above a conservative trade idea would be 21100-21250 strangle.
A much riskier trade would be going short with SL 21190 and targets 21120 and 21090.
Trade active
I'm done for the day. Only very small positions in this trade. Use 5 mins charts to see lower highs formation.Note
Entered 21150 PE @ 9Note
Partially booked @ 14. SL trailed to 8.Note
partially booked @ 18. SL moved to 10Trade closed manually
Booked at 13
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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.