1. Today closing at Intraday Day High
2. Price action suggest very strong support at 15000,
3. Buyers are dominant in last half hour in day.
4. Max OI in call side at 15300 and Put side at 15000.
5. Previous day range(Wednesday)
NIFTY | Weekly expiry discussion | Short straddle / Iron Fly
Quick fall and sharp recovery immediately, expecting some consolidation in this zone like it happened previously.
Can create a dynamic range bound statergy for tomorrow's expiry - limited risk. If market moves violantly we can do adjustment trade by going market direction and come out with no loss or...
Nifty trading near its psychological support @10000 level and by analyzing the chart it is clearly seen that nifty is in sideways zone, so it is likely to trade between the range of (10000-10200) for the 11th june expiry.
There is no clear indication of long trade or short trade confirmation.
On downside there is a major island gap of (9600-9700), that nifty may...