There are three possibilities for tomorrow trading according to options data.
1. If NF will sustain above 11700 then it may test 11745 to 11760.
2. If NF will not sustain above 11700 then it may test 11650 level Minimum. There is a very heavy put writing in 11700.
3. If NF will sustain above 11760 the Max target is 10800. It's very difficult to sustain above 10800 because there is a very heavy call writing in 11800. if it will sustain above 10800 then huge short covering will come.
As per my view, tomorrow will be the day for option writers. Let's see...
Follow me on telegram @ swapnilchoksi for intraday update.
Thank x ...
1. If NF will sustain above 11700 then it may test 11745 to 11760.
2. If NF will not sustain above 11700 then it may test 11650 level Minimum. There is a very heavy put writing in 11700.
3. If NF will sustain above 11760 the Max target is 10800. It's very difficult to sustain above 10800 because there is a very heavy call writing in 11800. if it will sustain above 10800 then huge short covering will come.
As per my view, tomorrow will be the day for option writers. Let's see...
Follow me on telegram @ swapnilchoksi for intraday update.
Thank x ...
Trade active:
Buy @ 17745. SL: 10730 targets. 10785-90-800. Nifty is stronger then BNF. Thank X. Follow me on telegram @ swapnilchoksi for the intraday update. thank X
Comment:
My First 2 targets are done.
Comment:
Follow my telegram for intraday update @swapnilchoksi. thank x