I've bought Nifty 16600 PE and sold 15800 PE. Bear put spread is created to get benefit of downside. RSI divergence, clustering closes and UML are the reason to create position. Created position at 16700-16710 level. My stop loss will be daily close above 16830.
Disc : it's not an investment advice to buy or sell
Disc : it's not an investment advice to buy or sell
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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.