BTC showing clear signal of recouping losses made yesterday. RSI and Stochastic supporting
In last 45 days ICICI bank has taken support at 340 levels ( & 320 level) and has a Resistance at 380 levels. This give an ample opportunity for writing options. As ICICI Bank is at the support level , aggressive trader can write 340 Put or 325 Put , he can make a ton of money in July Expiry if support levels stay intact. However a safer bet would be writing a...
On Hourly chart, Nifty is looking "OVERBOUGHT" from RSI indicator but it is reaching resistance level 10900-11000. Since Stochastics still showing uptrend, expecting Nifty will nosedive once it reaches 11000. Strategy should be buying 10800 PE with a strict Stop loss or writing the 11200 CE with strict stop loss , once Nifty crosses 11000 mark. As it is hourly...