Nifty 50 IndexUpdated apply logic
nifty has given a breakout on 30 min and hourly charts !!
nifty in daily charts is at resistance zone with RSI also near its resistance ...it has been trading below it since nov 16.
option charts - though has given a good breakout but 8400 CE is approaching resistance level at 100 odd levels which was it high on 13 jan around 0930 h..
my take : only for educational purpose
expiry should be below 8500 levels ( max pain also at these levels )
nifty in daily charts is at resistance zone with RSI also near its resistance ...it has been trading below it since nov 16.
option charts - though has given a good breakout but 8400 CE is approaching resistance level at 100 odd levels which was it high on 13 jan around 0930 h..
my take : only for educational purpose
expiry should be below 8500 levels ( max pain also at these levels )
Note
Can look into buying 8400 PE..Note
Buying more of feb 8400PETrade active
Taking a contra view ! Buying more of 8400PE with strict SL of 8570 spot on closing basis !
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.