Intraday Nifty Trade !!!!
Nifty is taking support above 16500 highest put OI strike, but I don't think that it can move above 16800
I would suggest to short nifty near 16650-16700.
NOTE:- If you are playing reversal or expecting a bounce, avoid through calls because if vix move down call price will also fall and decay very fast.
I would suggest to short nifty near 16650-16700.
NOTE:- If you are playing reversal or expecting a bounce, avoid through calls because if vix move down call price will also fall and decay very fast.
Note
90+ points profit in 30mins, one can do partial profit booking or hold for target if 16500
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.