Extreme bearish trend given global cues and weak rupee. Trend likely to continue if Friday low is broken, Nifty is going to be extremely bearish.
Conviction bearish Bias bearish
Trading Ideas
Long above 16231 Target 16282/16352 Short below 16172 Target 16142/16084
>>Option buying
Long Position: Buy 16300 CE Short position: Buy 16100 PE / 16000 PE
>>Option Selling
Sell 16500 CE (if 16172 is broken sell 16200 CE)
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