or example, if nifty break 11305 ...and sustain buy 11300 CE.
as options data suggest we have very less possibility to break 11170. and nifty might open above the Range.
if nifty not break the range in 30-45 min then we have range bound market and will have momentum in the second session only.
MY possible setup.
1 flat opening
sell 11350 ce and 11150 pe
2. Gap up opening .
will wait nifty to observe profit booking and buy 11300 ce and sell 11400 ce.
3 . gap down
if gap down below the range then i will short with full quantity .
as options data suggest we have very less possibility to break 11170. and nifty might open above the Range.
if nifty not break the range in 30-45 min then we have range bound market and will have momentum in the second session only.
MY possible setup.
1 flat opening
sell 11350 ce and 11150 pe
2. Gap up opening .
will wait nifty to observe profit booking and buy 11300 ce and sell 11400 ce.
3 . gap down
if gap down below the range then i will short with full quantity .