1) Nifty can try to catch 12000 once again. 12025 is strong resistance. Rejection from there can lead to short trade while if Nifty sustains above 12025 then we can see strong momentum. Will create bear put spread.
2) Breakdown of inclining trendline - If broken and sustain below trendline then we can see 11650 levels within next week. Will create bear put spread.
3) Near 11650 nifty may see some support and pull back is expected. Will creatE bull call spread.
11800 or 11820 could be decisive level..lots of put writer is available o 11800
so whats ur openion sir 11800 as resistance?
pravinpatil26
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@invincible096k, Hi.. I trade options..my breakeven is 11933 hence anything below it is profitable for me. Yes you are right 11820 is an important level but a slight negative trigger can break this easily.
so whats ur openion sir 11800 as resistance?