NIFTY Pattern (POLE and Flag Pattern) 24900/243501. If Nifty successfully crosses the 24680/690 level then the coming targets will be 24855 and 24980 as per Pole and Flag pattern
2. But if it fails (POLE and Flag pattern Failed) and the Nifty breaks below 24590/570, then the coming targets will be 24370 and 24280.
Advice:
1. If you are doing future then take the option as hedge.
2. If you are doing Option selling, take option buying as hedge.
3. Naked option buyers please take both CALL and PUT for safer side.(So, your total will be more then buying price)
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses
