Bullish Above 23,550-23,600:
If Nifty sustains above 23,600, expect a move toward 23,700-23,750.
Look for 23,500 PE writing to confirm bullish sentiment.
Ideal strategy: Bull Call Spread (Buy 23,500 CE & Sell 23,600 CE).
Bearish Below 23,400:
If Nifty breaks below 23,400, expect a drop toward 23,350-23,300.
High OI buildup in 23,350 PE suggests downside risk.
Ideal strategy: Bear Put Spread (Buy 23,450 PE & Sell 23,350 PE).
Sideways to slightly bullish bias above 23,500.
Break below 23,400 = bearish move towards 23,350-23,300.
Wait for price confirmation before taking positions.
If Nifty sustains above 23,600, expect a move toward 23,700-23,750.
Look for 23,500 PE writing to confirm bullish sentiment.
Ideal strategy: Bull Call Spread (Buy 23,500 CE & Sell 23,600 CE).
Bearish Below 23,400:
If Nifty breaks below 23,400, expect a drop toward 23,350-23,300.
High OI buildup in 23,350 PE suggests downside risk.
Ideal strategy: Bear Put Spread (Buy 23,450 PE & Sell 23,350 PE).
Sideways to slightly bullish bias above 23,500.
Break below 23,400 = bearish move towards 23,350-23,300.
Wait for price confirmation before taking positions.
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.