Nifty witnessed a sharp selloff last week from the highs . Market looked to be sideways to down this week but contrast to that , it has broken out of the wedge pattern on monday and today it moved above minor resistance of 17,800 yesterday's high .
NIFTY is expected to test the highs once again this week so selling PEs might be a sensible idea to trade this week's expiry.
Swing low made today can be the stop loss levels for longs/sold options.
Cheers
Best
Piyush
NIFTY is expected to test the highs once again this week so selling PEs might be a sensible idea to trade this week's expiry.
Swing low made today can be the stop loss levels for longs/sold options.
Cheers
Best
Piyush