thetagainers

NIFTY SHORT CALL Using Option Chain!!!!

Short
NSE:NIFTY   Nifty 50 Index
Today nifty made a hammer on the upper side of the trend but hammer is not good on the upper side of trend so i think its time for some reversal.
You can see when in a upper trend a hammer shows on the top its mostly a following red candle so ready for some reversal.
And yesterday where option chain was so bullish with very heavy PUT writing but today we see so much of PUT unwinding so lets see whats happens my targets on the chart

GOOD LUCK.....
Trade active: its good to see a red candle after so much time

ok so if we close in red and near the low then it will trigger a sell off..
and the may be first we see 11265 then next 11120..

Lets see ready for a amazing ride guys !!!!