#NIFTY50
I hope you guys had made good money yesterday , today is new day , SGX nifty showing some strength and currently breaking the current downtrend streak , but still sentiment is negative .
Today strategy should be buy in dip since we will have a gap up opening , best entry possible is 16950 -16930 , SL 16900 and possible target can be 17000/17050/17100
option writer , can write 16900 and 17100 today and sit back and relax highest open interst in this two strick price
downside only possible if 16900 breaks
one more trade possibe with good RR only for future postional traders , short nifty in and around 17200 , since RR is good we can take that risk ( this trade based on harmonics)
I have attached chart for your reference , which explains the logic
have a profitable day
I hope you guys had made good money yesterday , today is new day , SGX nifty showing some strength and currently breaking the current downtrend streak , but still sentiment is negative .
Today strategy should be buy in dip since we will have a gap up opening , best entry possible is 16950 -16930 , SL 16900 and possible target can be 17000/17050/17100
option writer , can write 16900 and 17100 today and sit back and relax highest open interst in this two strick price
downside only possible if 16900 breaks
one more trade possibe with good RR only for future postional traders , short nifty in and around 17200 , since RR is good we can take that risk ( this trade based on harmonics)
I have attached chart for your reference , which explains the logic
have a profitable day