Greetings, fellow traders!
Today, our focus is on the
NIFTY index. Here's the breakdown:
📈 Upward Movement: The index has been on an upward trajectory, recently approaching the 200-day moving average.
🚨 Near Resistance: However, it's currently near a significant resistance level, suggesting potential selling pressure.
💡 Short Selling Opportunity: I'm eyeing a short opportunity in the range of 19,500 to 19,800 for this index.
📉 Option Buying Strategy: For option buyers, consider 19,800PE or 20,000PE strike prices to capitalize on a potential downward move.
📆 Timing: This bearish outlook is anticipated to unfold in the coming days.
📌 Important Note: Trading involves risks. Make sure to conduct your analysis and manage your risk accordingly.
🤔 Your Strategy: What's your take on the Nifty 50 index? Are you aligning with this short opportunity, or do you have a different perspective? Share your insights!
👋 Until Next Time: Thank you for tuning in. Goodbye for now, and see you in the next post.
Best regards,
Alpha Trading Station
Today, our focus is on the
NIFTY index. Here's the breakdown:📈 Upward Movement: The index has been on an upward trajectory, recently approaching the 200-day moving average.
🚨 Near Resistance: However, it's currently near a significant resistance level, suggesting potential selling pressure.
💡 Short Selling Opportunity: I'm eyeing a short opportunity in the range of 19,500 to 19,800 for this index.
📉 Option Buying Strategy: For option buyers, consider 19,800PE or 20,000PE strike prices to capitalize on a potential downward move.
📆 Timing: This bearish outlook is anticipated to unfold in the coming days.
📌 Important Note: Trading involves risks. Make sure to conduct your analysis and manage your risk accordingly.
🤔 Your Strategy: What's your take on the Nifty 50 index? Are you aligning with this short opportunity, or do you have a different perspective? Share your insights!
👋 Until Next Time: Thank you for tuning in. Goodbye for now, and see you in the next post.
Best regards,
Alpha Trading Station
Trade active
Entered in 20000PENote
Reversal Pattern SpottedTraders, a significant development in Nifty 50 has caught my attention, signaling a potential reversal.
🔄 Reversal Signal: The chart is displaying a convincing reversal pattern, indicating a shift in the current trend.
🚨 Key Levels: The pattern is aligned with key resistance levels, reinforcing the potential strength of this reversal.
📈 Option Strategy: For those inclined towards options, exploring 20,00PE or 20,500PE strike prices could be a strategic move.
📆 Stay Tuned: I'll keep you updated on the progress and any adjustments to the strategy.
Happy trading!
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.