NIFTY Podcast 17 Sep 2024Today, only 1 trade was taken.
- Initially the market was sideways, as 5m candles closed both below and above Opening Price - 25409
- The OI data was positive, but 2 departments were Bullish, so after taking look at the closer look at the strikes 25400 and 25450, the Put Writers increased, which gave us confidence to take the trade.
- The risk to reward wasn't 1:1, instead the target was Thick line, and with 5 points buffer the target was 25441
Notes:
- In such sideways market, it would be better to take Short Selling Price Action strategy to aim for 1% target and 1% stoploss.
