Nifty Intraday view - 06-12-2021
Nifty last trading session has shown good fall from 17500 , which means nifty is not ready to change the swing , and in daily time-frame it has shown drak cloud pattern .
low of the friday candle will be crutial for us , breaking the candle low will allow nifty to fall further , if low dont break , then we will see the sideways trend.
Today range - 17350 - 17150
Below 17150 it will be fall , and options price will spike like anything .
i would suggest to sell 17350 ce when nifty will be trading around 17300 and once it tests 17150 hedge it with 17100 pe , if 17150 breaks , buy 17150 pe.
low of the friday candle will be crutial for us , breaking the candle low will allow nifty to fall further , if low dont break , then we will see the sideways trend.
Today range - 17350 - 17150
Below 17150 it will be fall , and options price will spike like anything .
i would suggest to sell 17350 ce when nifty will be trading around 17300 and once it tests 17150 hedge it with 17100 pe , if 17150 breaks , buy 17150 pe.
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.