Nifty is currently in range. Sell 16200 CE - 21 July 2022 Buy 16400 CE - 28 July 2022 Explanation: If weekly expiry of 21 July 2022 expire below 16200 we will be in profit as 16200 CE will be zero. But at the same time there will still be some premium left for 16400 CE strike. If Nifty picks a uptrend then being a monthly expiry 16400 CE will add premium &...
On a daily chart, Nifty faced resistance at Upper Bollinger band level. Agresssive long should be avoided at this level. 15900 is looking to be good support for coming weeks. And 15750 is still a major support below which we can see the trend change from moderately bullish to neutral/bearish. Long should only be initiated above 16200 levels. Moderately...