The Adjusted Closing price is 12248.25 which is shown on the Daily Charts but on the lower timeframe charts Closing Price is 12252.15 Markets have managed to close above 12250 Level which is a Bullish Sign Markets may revolve around 12250 zones to Test the Strength of its Support & Resistance, Fibonacci S&R nearest to this zone is 12242.79 Fibonacci Resistance is at 12315 which is Near to 12300 Strike, 12300 has Highest OI on Call Side
Max Pain is at 12200 Strike which is ATM Strike Some indicators like ADX are not showing strength in Trend or Reversal On weekly Charts Bearish Engulfing Candle has appeared which shows Bearish Sentiment is still not clear For Today closing may be near 12250 Zone, making 12250 Strike Short Strangle :
Short 12300CE Premium = 48.6
Short 12200PE Premium = 34.6
Long Call :
Long 12200CE Premium = -106
Net Premium Debited = 22.8
This Spread will start making Loss below 12225 Level
If the scenario turns out to Bearish we will and Sell 12200CE The probability that the market may turn out to be Bearish is very less and to increase our accuracy we will only initiate this Spread after spotting SGX Nifty I will keep you updated.
Happy Trading...
코멘트
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SGX NIFTY is down more than 100 Points so its better to wait and not take this trade
액티브 트레이드
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Nifty isn't showing signs of weakness in Pre - Market hours so our we will apply our Strangle and Long Naked Call .
코멘트
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Add SL in Long Call as markets are turning red SL will be 10 Points
Loss = 10 * 75
액티브 트레이드
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Markets will make 12200 Level ATM today Change in Open Interest on 12200CE Strike is Attractive so going Short on 12200CE @ 51.7 ( 1 Lot )