Plan A: Fresh Entry Zone: -- If it will come to 12055-70 and will sustain above this zone. -- If it will come to 12020-12035 and will sustain above this zone. Plan B: NF is trying to come out from the sideways zone 11880-12020. So Both Side Option writing is may be risky. This is a buy on dips market. Plan C: Avoid Short Position. The buyer will use every minor and major dip for a long position. Strong bounce is expected from 11980 and 11915 zones. I will update nifty levels on telegram or twitter.
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Perfect bounce from the level I have mentioned in the chart. 12055-12075 zone