Nifty
9086
- Applying Fibonacci to the rally from 7511 to 9889 levels we observe that 8980 levels represents an important 38.2% retracement
One may consider selling Nifty 15 May expiry 8900 Put option cmp 47
Target 0
Be alert if Nifty goes below 8980
Strategy has in built loss protection for a fall up to 8854
Take care & safe trading...!!!