Description
⋅ NSE:NIFTY Daily Closing looks weak, Monthly Expiry on the card with Rising NSE:INDIAVIX , we can expect some downside move before Thursday.
Trade with caution (!) specially Option Sellers.
Entry - Hourly Closing Below - 17820
Stop Loss - Hourly Closing above 17935 or 50% Option Premium.
Target - 17620
For information purpose only. Know your risk & Consult your financial advisor before taking a trade. Comment
⋅ Opened with huge Gap up, Made intraday low of 17806. But Hourly candle did not closed below. Entry not triggered yet.
Trade closed: target reached
⋅ Entry triggered at 10:15 & Reached our target at 12:15.
And that was nearly the bottom as well :)
I hope you have benefited from this.