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NIFTY - 8th April - Intraday

Nifty 50 Index (NSE:NIFTY)  
msk_analysis  
NSE:NIFTY   Nifty 50 Index
Support and Resistance NIFTY expiry
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supportandresistance nifty expiry
Looking at the option chain

  • The highest call OI is at 15000 strike price - that will act as resistance and may attract the price towards that. If it's taken out we may see some good upside
  • Interestingly 14800 strike price has 3.1M call OI and 2.6M put OI - so that has also got good potential to attract price towards it


Expiry Trade Strategy

Either short a straddle at the opening price for today and keep 25% as SL or wait for either side movement up / below the black resistance line

Keep SL as per your risk appetite

Happy Trading
MSK
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