Mahesh_Walse

Nifty - CE or PE ?

NSE:NIFTY   Nifty 50 Index
🔰Educational Purpose
Nifty💚
Today Nifty is Rangebound between these two levels 16200- 16290

♻️Nifty travelled after breakout- 370 points upside
♻️which is exact Consolidation Range(15550-15900 ) Target after BO

🔰Notes-
1. Tomorrow is Weekly Expiry and after 2.4% Gain try to avoid Buying any CE and PE in between Todays range.
2. Positional View is upside, Might be some correction we can see only on Day candle closing below 16200 range till 16130 16040
3. Try to find Buying opportunity in Dip. 16000 is now massive support zone
4. So avoid Put buying or use Strict SL for any scalp trade
5. If you chunked good profit in Last Two days just Don't do anything avoid.

✅Intraday View:-
Flat Opening (±20)
Wait for 15min Candle Closing either above or below Range
If closed above 16300 buy small qty of CE side in next expiry
If goes down try to avoid put buying.
Gap up - above Todays Range
might be not possible due to tgt completion, still if opens above level then wait first 1 hour , give market time to settle down and then do your price range analysis.
Gap down- below Range
Dont trade

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