Market has been overbought for a while now and greed is high
Head and shoulders pattern formation on 4H and 1D charts can been seen
Enter after a 4H candle close below 1358
I would prefer selling OTM call options
Targets: 1300 | 1245
Call option sellers can hold till expiry
NIFTY | Expecting the gap to be sealed @ 11076, NASDAQ was gap up too 2 days ago + RSI bearish divergence in 30 min's time frame.
CMP : 11228
Falling which hopefully can get some dips in good stocks.
Instead of buying PUT can consider selling 11300 CE in Oct 8th expiry.