Nifty for Friday
מעודכן
I've marked the buy and sell zones, and the respective targets.
Watch the OI levels for both 18600 strikes - puts and calls. This may give short term direction.
This is neither a recommendation nor a prediction. Assume it's an amateur attempt by author.
Trade at your own risk/judgement and have a stop loss.
Good Luck!
Watch the OI levels for both 18600 strikes - puts and calls. This may give short term direction.
This is neither a recommendation nor a prediction. Assume it's an amateur attempt by author.
Trade at your own risk/judgement and have a stop loss.
Good Luck!
הערה
Opened and stayed in sell zone so far. 1st target done.הערה
2nd target done.הערה
multiple attempts to break 18550-18570 support zone..in the last 3 days..הערה
Targets 3 & 4 achieved as well..הערה
EOD Updates:Nifty opened in the sell zone, started falling, and continued falling till around 2:15pm
Last 1 hour we saw some recovery, but it wasn't strong enough to close above 18500 levels.
Options Data:
PCR is bearish at 0.5 (over sold??)
18600 Calls have the highest Open Interest - An uptrend is possible only if we see meaningful covering of these calls.
Will have a new post for next week.
Guess it's best to be open to both bullish & bearish possibilities, and trade as per the price levels.
כתב ויתור
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