Version 1.1:: Nifty more down legs to come Short

Nifty 50 IndexNSE

Description

⋅ Dec 27, 2016 3:15 AM

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

⋅ Dec 27, 2016 6:12 AM

Underlying entering Sideways range

Comment

⋅ Dec 27, 2016 9:38 AM

Market changing its trajectory

Comments

pankajvw

⋅ Dec 27, 2016 3:06 PM

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

rohitladdha

⋅ Dec 27, 2016 3:28 PM

@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.