Expiry trade idea for nifty
Updated
Expiry position creation idea
Opening trade Ideas:
Flat opening:
If opens flat watch out for trendline support if breaks can take PE position and take profit is around 17350
Gap up opening:
If opens gap up most likely there will be profit booking candle and retest of todays high. A quick PE scalp can be done
If opens gap down:
Take hero zero trade with ce around 17350
Opening trade Ideas:
Flat opening:
If opens flat watch out for trendline support if breaks can take PE position and take profit is around 17350
Gap up opening:
If opens gap up most likely there will be profit booking candle and retest of todays high. A quick PE scalp can be done
If opens gap down:
Take hero zero trade with ce around 17350
Note
Also there is a negative divergence for RSI in shorter timeframe and last week high is been 17489 which is close to todays high so if it's open gap up high chances it will come for retest of the price and for hero zero trade if price happens to fall till 17350 if any short covering happens in last hour above 17489 will be swift and will fetch good reward
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