suitableAntelo77835

suitableAntelo77835

There is a sentiment that we might see a gap up tomorrow. (Currently in bullish trend) If nifty closes a candle above level 17620 then we can look to buy a call of as it will try to retest the level of 17740 If nifty closes below level 16460 then we will look to buy a put with a maximum target of 17350 as the gap can act as a support but if this level is broken...

suitableAntelo77835

we might see the market be opened in a gap down state(i.e > 100 points). The reason for it is by overlooking the below points: 1) From option chain data we can see that there is an increase in call sellers as today's market has shown a great movement so it can be used to trap retail traders. 2) SGX Nifty is trading in a downtrend and more downward momentum can be...

suitableAntelo77835

Case 1: If the Market opens Gaps up(>17370) then we can hold a call position as the market will re-test the level of 17500. Case 2: If the Market opens Gap Down(<17280) then we will sell or hold a put position the levels would be 17150 & 17000 levels respectively. Case 3: If the market opens flat then we will wait for the confirmation that is at the 17370 level...

suitableAntelo77835

If nifty breaks the triangle pattern formed in 5 min or 15 min in either direction then the target would be Red lines. Due to: 1) Gap is acting as a Resistance 2) Max PCR is seen at -> 16950 which is the greatest support 3) SGX Nifty is 200+ in downward trend same with the USA and other markets FYI:- Market will open in Gap down mode So it already indicates that...