Nifty last trading session has shown good fall from 17500 , which means nifty is not ready to change the swing , and in daily time-frame it has shown drak cloud pattern .
low of the friday candle will be crutial for us , breaking the candle low will allow nifty to fall further , if low dont break , then we will see the sideways trend.
Today range - 17350 - 17150
Below 17150 it will be fall , and options price will spike like anything .
i would suggest to sell 17350 ce when nifty will be trading around 17300 and once it tests 17150 hedge it with 17100 pe , if 17150 breaks , buy 17150 pe.
low of the friday candle will be crutial for us , breaking the candle low will allow nifty to fall further , if low dont break , then we will see the sideways trend.
Today range - 17350 - 17150
Below 17150 it will be fall , and options price will spike like anything .
i would suggest to sell 17350 ce when nifty will be trading around 17300 and once it tests 17150 hedge it with 17100 pe , if 17150 breaks , buy 17150 pe.