Trade Set up
Updated
30586.60 is good support in spot. I feel bnf will touch 31000 in 2 days. Keep an eye on the upside trend line. A small trader can buy 30800 CE 17 Dec only 2 lots. Book one at 30836 spot and ride the other if the rally continues. Exit today if the target does not come. Buy only 1 lot if the market takes support at 30634 and other if day high is broken. This is a unique market where bears are using a ladder to go down but bulls are using a rocket to go up.
Note
Look how imp is the level of 30586
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