Nifty gave a shake out

NSE:NIFTY   Nifty 50 Index
Today was a profit booking session that happened. 15800 there was huge call option open interest which probably have gave pressure for a small down move. Main point is 15600 did not break on closing basis even on a one hour candle and still its fine on chart perspective. Keep 15600 as stop loss preferably on a close basis in one hour chart and 15500 as final stop loss. Below 15500 could be a worry sign.

Trade as per the risk appetite, Spreads are much better to trade as risk is defined
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.


tomorrow market will reach 15480 atlest before moving up
Pravin9083 Dinesh12323545
@Dinesh12323545, hi .. good morning.. I boUght 15600 put option.. today is possible to achieve!! Please suggest..
Dinesh12323545 Pravin9083
@Pravin9083, yes 80 % chance are their
SagirKazi Dinesh12323545
@Dinesh12323545, can you let me know how did u calculate 80% probability
JKoptions Pravin9083
@Pravin9083, if the expiry is today better keep it (as per risk apetite) bcoz nehow value will get eroded to a good level at the open itself.. Ideally if there is a fall then probably in first hour should come after that chances get slim..
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