Nifty looks like it will correct a bit, towards the bottom part of the parallel channel. I feel it will bounce off of that and can continue moving up to fill the gap around 24700. This is not a financial advice to take any trade. This is just my observation, which I am sharing for educational purpose.
POTENTIAL TRADE THAT I MIGHT TAKE:
Hedged option selling ---> 24100 PE Sell, 23900 PE Buy, only if it takes support from the bottom part of the channel. If no signs of buying, then this won't be executed.
POTENTIAL TRADE THAT I MIGHT TAKE:
Hedged option selling ---> 24100 PE Sell, 23900 PE Buy, only if it takes support from the bottom part of the channel. If no signs of buying, then this won't be executed.
Trade closed: target reached
Target reached
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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.