Although markets can fall further, and can be irrational, we are at a place where Nifty has filled up the 2nd gap.
Whether it falls or rise only time will tell us, but based on the underlying conditions I would not prefer to short at current levels. (This does not mean I would buy Call Options).
Trading strategies should factor in - the Risk::Reward ratio, - it's probability and - your comfort level with whatever is the outcome
Important levels on the upside 17430 / 17520 Important levels on the downside 17251 /17222 / 17180 / 17111
Take care & safe trading...!!! Like and Follow To trade with me Direct Message
Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be