When the price breakdown from this channel with volume then the bears might control the market. Be cautious if cross the Resistance in the opening then be cautious, if it fight for a hour then break then its a healthy breakout. If gap up then wait for correction, if gap down then ha. ha. ha.., if open at same level then wait for support level.
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The important levels for option writers are 1. For safe traders 14100 & 15000. 2. For moderate traders 14300 & 14900, 3. for professionals 14400 & 14800.
This is only for educational purpose please contact your financial advisor before investing your hard earned money.
My sincere thanks to my Masters trading panthulu, day trader Telugu and Nayan pokharkar.