Nifty primed for a deeper pull back
Continuous ascent from 20-Mar of about 20% gain, without any weekly pullback.
Weakness exhibited on 21-August. Current levels are below the August weekly close.
On 26-Oct, likely to test 19233 for expiry.
Price over 19233 looks temporary and a good spot to accumulate Nov shorts with targets at 18646, 17900, and 17200.
18350 Puts are also well priced with 7x to 20x returns, for hedging, should there be a deeper pull back.