Nifty Daily Levels Update For Option Day Trading
BUY CALL OPTION
Tomorrow First Up Possible Side Trade in Nifty50 – If Nifty Open Gap Up Above resistance
Trade Entry – If Nifty Sustain above Support Zone (16070 – 16058) You Can Buy the ATM CALL Option ( 16050 CALL)
Nifty Target – Nifty Upside First Target is 16150 & 16236
Trade Stoploss – If Nifty50 index Any 30 min candle Close Below Support 16058 then Exit from Trade or max. 20/25 Points Stoploss.
BUY PUT OPTION -
Tomorrow's First Down Side Possible Trade in Nifty50 - If Nifty Open Gap Up Near Resistance
Trade Entry – If Nifty Sustain Below Resistance Zone (16070 – 16058) Buy 16050 PE Option Contract
Trade Target – Nifty Downside First Target is 15930 and the second target is 15800
Trade Stoploss – If Nifty50 index Any 30 min candle Closes Above (16070) or max. 20/25 Points Stoploss