NIFTY TRADE SETUP FOR MONDAYNIFTY TRADE SET UP
everyone is bearish on nifty but as we have seen market has been eating all the movement by giving gap up or gap down opening.
i will have a slightly different approach in the market.
1. if the market opens gap down I will sell the put option around 11260-11236 sl 11180 .and sell call option on reversal around 11305 - 11330.sl 11370.
2. if the market opens flat then have a simple strategy will sell call below 11305 and will sell put above 11460.
SGX nifty suggests the market will open the gap down. we have seen in the past after a huge gap down the market did not give momentum. so in that scenario, i will not trade for bigger profit instead i will prefer scalping. trade with half the quantity and sl will be very small.
till market sustain below 11505 my view will bearish , will sell on the rise
