ifty Trade setup for Friday
Market opens gapup today but cudnot sustain .range bound market is always good for option writer .but range bound market provied us perfect set up for next day market .
Tommrow we will buy above 13170 and sell below 13100. level mention on chart.
Plz check our level ...how our scalping levell work. our level not only give you entry level but also tells you where to book profit .
Tommrow again we will look for buy on dip till 13030 . scalping level mention on chart.
See how our level work today...again when everyone is shorting Nifty @ 13040 we are long above 13040 .
Hope you guys made the money .we should look buy oppurtunity only till market sustain above 13000 hovever book profit aroun 13200. for scalping short ..level mention on chart.
Market might volataile , plan your trade accordingly .as per chart for fresh downward movement market need to go down below 12780 .and for upward movement level is 12970.
let market settel for first 15 min and set your trand accordingly.
HDFC November expiry should be below 2210 as per Bearish divergence in daily charts
Sell HDFC 2200CE @ 41
Buy HDFC 2300CE @ 18
Net credit - 23 x 300 = 6900
Breakeven at 2223 levels
Sl spot price close above 2250.
Exit when position is at 80% profit.
Range bound market ... Mark swing high and low ... sell 11950 CE on high And 11800 Pe on swing low .
let the range break and carry the opposite position.
or else wait for levels to come .