Nifty fell 3% in October & broke the major support of 19222 & also tested the main support of 19888 and closed above 19000.
Nifty trading below 3 months close point. It shows the bearish sentiment in the market.
After so much fall The market has to halt in the range of 18833 to 19222.
only above 19222, we can expect a trending upside & below the 18833 downside trend.
The best position for the option seller is to short 19500 CE and 18500 PE for the next monthly expiry.
Nifty trading below 3 months close point. It shows the bearish sentiment in the market.
After so much fall The market has to halt in the range of 18833 to 19222.
only above 19222, we can expect a trending upside & below the 18833 downside trend.
The best position for the option seller is to short 19500 CE and 18500 PE for the next monthly expiry.