On Hourly chart, Nifty is looking "OVERBOUGHT" from RSI indicator but it is reaching resistance level 10900-11000. Since Stochastics still showing uptrend, expecting Nifty will nosedive once it reaches 11000. Strategy should be buying 10800 PE with a strict Stop loss or writing the 11200 CE with strict stop loss , once Nifty crosses 11000 mark.
As it is hourly chart, profit taking order also need to be set, once Nifty reaches 10900 levels.
As it is hourly chart, profit taking order also need to be set, once Nifty reaches 10900 levels.