Too much volatile session, SL hunting day for retailers . Market taken resistance at Higher level again.
🔰 Intraday View:-
♻️ Flat Opening -Try to find Put buying opportunity near 16660-16680 if opens flat and climb further till level. Strict SL of 30 points or any 15min closing above 16710 whichever suits you as per your trade. -If comes down after opening then take trade as per price action (Try to take trade in second session for more confirmation) so we will get clear levels of market.
♻️ Gap Up-above 16660 -if it try to touch upper levels which is 16680-16690 after immedate opening then you can take risky trade of Put with Strict 16715 SL of next expiry. -If immediate comes down then try to find buying opprtunity near 16635 with todays low SL 16615. Tgt 16660 to 16680
Note- -Put strict SL loss. -Monthly and Weekly expiry day, take trades in next expiry only. -Avoid gapdown scenario