Nifty - Cup and Handle - Pattern
Nifty break 9500 - with Good Volume. Then the Bullish view can be created
In 1 hr chart the H&S pattern is formed at it's already breaked 9100 .
The Open Interest is higher in 9000 Strike price and 10000 Strike price for the month-end , which means the nifty will trade around consolidated phase between 9100 to 9500.
Hence, my strategy to place trade in Nifty as below:
Selling Option
Sell - 8700 PE and 8500 PE
and
Sell - 10100 CE and 10200 CE
Disclaimer: Kindly do your own analysis before executing the trade
In 1 hr chart the H&S pattern is formed at it's already breaked 9100 .
The Open Interest is higher in 9000 Strike price and 10000 Strike price for the month-end , which means the nifty will trade around consolidated phase between 9100 to 9500.
Hence, my strategy to place trade in Nifty as below:
Selling Option
Sell - 8700 PE and 8500 PE
and
Sell - 10100 CE and 10200 CE
Disclaimer: Kindly do your own analysis before executing the trade
Disclaimer
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