April 2nd - Finnifty overview

Apr 2

• 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.

Apr 2

Trade active

I'm done for the day. Only very small positions in this trade. Use 5 mins charts to see lower highs formation.

Apr 2

Note

Entered 21150 PE @ 9

Apr 2

Note

Partially booked @ 14. SL trailed to 8.

Apr 2

Note

partially booked @ 18. SL moved to 10

Apr 2

Trade closed manually

Booked at 13