πŸ“‰ Nifty 50 Index: Short Opportunity on the Horizon

NSE:NIFTY   Nifty 50 Index
Greetings, fellow traders!

Today, our focus is on the NIFTY index. Here's the breakdown:

πŸ“ˆ Upward Movement: The index has been on an upward trajectory, recently approaching the 200-day moving average.

🚨 Near Resistance: However, it's currently near a significant resistance level, suggesting potential selling pressure.

πŸ’‘ Short Selling Opportunity: I'm eyeing a short opportunity in the range of 19,500 to 19,800 for this index.

πŸ“‰ Option Buying Strategy: For option buyers, consider 19,800PE or 20,000PE strike prices to capitalize on a potential downward move.

πŸ“† Timing: This bearish outlook is anticipated to unfold in the coming days.

πŸ“Œ Important Note: Trading involves risks. Make sure to conduct your analysis and manage your risk accordingly.

πŸ€” Your Strategy: What's your take on the Nifty 50 index? Are you aligning with this short opportunity, or do you have a different perspective? Share your insights!

πŸ‘‹ Until Next Time: Thank you for tuning in. Goodbye for now, and see you in the next post.

Best regards,
Alpha Trading Station
Trade active:
Entered in 20000PE
Reversal Pattern Spotted

Traders, a significant development in Nifty 50 has caught my attention, signaling a potential reversal.

πŸ”„ Reversal Signal: The chart is displaying a convincing reversal pattern, indicating a shift in the current trend.

🚨 Key Levels: The pattern is aligned with key resistance levels, reinforcing the potential strength of this reversal.

πŸ“ˆ Option Strategy: For those inclined towards options, exploring 20,00PE or 20,500PE strike prices could be a strategic move.

πŸ“† Stay Tuned: I'll keep you updated on the progress and any adjustments to the strategy.

Happy trading!


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