April 2nd - Finnifty overview

Mis à jour

  • 21220 is acting as an excellent resistance
  • 21120 is acting as an excellent support
  • VIX is very low and the market is range-bound
  • We can see that the market is forming lower highs on keen observation.


Based on the above a conservative trade idea would be 21100-21250 strangle.

A much riskier trade would be going short with SL 21190 and targets 21120 and 21090.
Transaction en cours
I'm done for the day. Only very small positions in this trade. Use 5 mins charts to see lower highs formation.
Note
Entered 21150 PE @ 9
Note
Partially booked @ 14. SL trailed to 8.
Note
partially booked @ 18. SL moved to 10
Trade fermée manuellement
Booked at 13
BANKNIFTYfinniftyNIFTYSupply and DemandSupport and ResistanceTrend Analysis

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