JKoptions

Nifty gliding up

NSE:NIFTY   Nifty 50 Index
View is still positive as per previous posts. 15600 still showing as crucial support. Nothing much has changed in terms of support or trendlines. Shorting put options or best short straddles maybe a good option as it is expected to be sideways but better look for new long setups on a breakout above 15900. After 15900 breakout it would be long trade only, not sideways. Till market is between 15900 and 15650 nifty expected to be sideways.

Trade as per the risk appetite, Spreads are much better to trade as risk is defined
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.

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