Nifty - Analysis Current Week From 03-Jan-2022 to 06-Jan-2022
Dear Friends,
Pranam!!
In the below image: Nifty was analysis in the 5mins TF where the Nifty was in the Resistance Zone and Descending Triangle Pattern was Formed.
Support as per 5mins will be in range of 17350-17320.
In 30 Mins TF the Nifty was in the resistance range which was a confluence factor with 5mins TF as Chart Pattern of Descending Triangle evidence
My Analysis based on the price action evidence, Nifty will be in the downside till its brakes the structure of Lower High and Lower Low in 5mins TF and Resistance of 17400.
Trade Set:
Wait for Nifty to settle for 1st 30 Mins:
If nifty doesn't breaks the resistance of 17400.
Option Strategies:
Buy Nifty 17500 PE
Sell Nifty 17200 PE
If Nifty Breaks the support 17400 and closes:
Option Strategies:
Buy Nifty 17400 CE
Sell Nifty 17600 CE
Regards,
Lambodar Capital Holdings and Trading Services
Pranam!!
In the below image: Nifty was analysis in the 5mins TF where the Nifty was in the Resistance Zone and Descending Triangle Pattern was Formed.
Support as per 5mins will be in range of 17350-17320.
In 30 Mins TF the Nifty was in the resistance range which was a confluence factor with 5mins TF as Chart Pattern of Descending Triangle evidence
My Analysis based on the price action evidence, Nifty will be in the downside till its brakes the structure of Lower High and Lower Low in 5mins TF and Resistance of 17400.
Trade Set:
Wait for Nifty to settle for 1st 30 Mins:
If nifty doesn't breaks the resistance of 17400.
Option Strategies:
Buy Nifty 17500 PE
Sell Nifty 17200 PE
If Nifty Breaks the support 17400 and closes:
Option Strategies:
Buy Nifty 17400 CE
Sell Nifty 17600 CE
Regards,
Lambodar Capital Holdings and Trading Services
Trade active:
Bought Nifty 17300 CE and Sold Nifty 17700 CE
Kindly Read the Nifty 17300 CE instead of Nifty 17400 CE
Option Strategies:
Buy Nifty 17300 CE
Sell Nifty 17600 CE