Trade Log NIFTY April 16
Expiry Day today. I had sold OTM calls 9400, 9300 and 9100.
This was mainly because.
1. NIFTY reversed sharply from resistance zone between 9250-9300.
2. I think the reversal was strong and made lower low on daily frame.
3. The monthly trend still remains bearish and weekly trend is sideways.
No new trades today. Overall traded as per plan.
1. NIFTY reversed from the opening and then held the opening level.
2. The Overall movement is less and INDIAVIX is below 50 now.
This was mainly because.
1. NIFTY reversed sharply from resistance zone between 9250-9300.
2. I think the reversal was strong and made lower low on daily frame.
3. The monthly trend still remains bearish and weekly trend is sideways.
No new trades today. Overall traded as per plan.
1. NIFTY reversed from the opening and then held the opening level.
2. The Overall movement is less and INDIAVIX is below 50 now.
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