This week’s Thursday (Dec 19th, 2024) marks the weekly options expiry. Analyzing the chart, we observe an ascending channel and a descending trendline converging at significant levels for the expiry date.
If Nifty respects the above trend-lines, then on expiry day, Nifty will be trading between 24100 and 25400.
Short Strangle with 24100 PE and 25400 CE could be used to trade this strategy.
Risky S&R to watch:
The ascending channel’s lower trend-line intersects 24450 on Dec 19th, but this represents a risky support level. And 25000 is a risky resistance level to watch. We suggest not to trade these two levels as they are too risky.
- The ascending channel’s upper trendline intersects 25400 on Dec 19th.
- The descending trend-line intersects 24100 on the same date.
If Nifty respects the above trend-lines, then on expiry day, Nifty will be trading between 24100 and 25400.
Short Strangle with 24100 PE and 25400 CE could be used to trade this strategy.
Risky S&R to watch:
The ascending channel’s lower trend-line intersects 24450 on Dec 19th, but this represents a risky support level. And 25000 is a risky resistance level to watch. We suggest not to trade these two levels as they are too risky.
Trade fermée manuellement
Post-Trade Analysis: Due to Fed rate cut decisions, US markets fell sharply that led to an unexpected gap down in Indian markets on expiry day. Nifty broke 24100 Support and closed at 23951.7
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.