Nifty 50 IndexUpdated nifty
a possible setup as nifty has not sustained above 10500. breaking 10420 can lead nifty all the way to 10300-10280.
alternatively pattern will fail above 10500
strategy sell below 10420
target 10300/10280.
sl 10490
alternatively pattern will fail above 10500
strategy sell below 10420
target 10300/10280.
sl 10490
Note
prntscr.com/hvuumuoption data suggests put writing is very aggressive compared to call writing i.e 10400-10420 level is defended aggresively so shorting wont b advisable unless it breaks the same .
Note
Trade closed: target reached
cmp 10620
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