Nifty is stuck in a Range
Although BN showing Bullishness yesterday, Nifty is still stuck in a range.
While people might think that some kind of triple bottom is formed, I will look to play it on a weekly basis.
For this week's expiry, my view is that Nifty is stuck in the range between 24,000 on the downside and 24,800 on the upside.
I took straddle position yesterday afternoon and will look to carry it forward till expiry looking to pocket some premiums.
Sold 07th Nov 23800 PE & 07th Nov 24850 CE
Other than this, if I see the scope of any intraday action, then I might take that as well.
PS - Not a recommendation. It is advisable to do due diligence before taking trades.
While people might think that some kind of triple bottom is formed, I will look to play it on a weekly basis.
For this week's expiry, my view is that Nifty is stuck in the range between 24,000 on the downside and 24,800 on the upside.
I took straddle position yesterday afternoon and will look to carry it forward till expiry looking to pocket some premiums.
Sold 07th Nov 23800 PE & 07th Nov 24850 CE
Other than this, if I see the scope of any intraday action, then I might take that as well.
PS - Not a recommendation. It is advisable to do due diligence before taking trades.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.