Version 1.1:: Nifty more down legs to come

NSE:NIFTY   Nifty 50 Index
Markets are behaving in line with previous Idea.
As per development of Monday Options Chains behavior, Volatility Smile , Open Interest, Option Greeks-
7963-7973 NIFTY17JANFUT is looking supply area.
NIFTY17JANFUT indicating to reach 7783-7815 levels at start of new year
Stop Trigger for this idea will be 8080* NIFTY17JANFUT
Comment: Underlying entering Sideways range
Comment: Market changing its trajectory


So Nifty crossed above that ichimoku cloud. Whats your view now?
rohitladdha pankajvw

NIFTY17JANFUT rollover trading range

Higher Side 8094
Lower Side 8060 & 8037

Breaching any level 8094 or 8037 has the capacity to change the water direction dramatically as per Derivatives Options Chain.
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