April 2nd - Finnifty overview

Diupdate

  • 21220 is acting as an excellent resistance
  • 21120 is acting as an excellent support
  • VIX is very low and the market is range-bound
  • We can see that the market is forming lower highs on keen observation.


Based on the above a conservative trade idea would be 21100-21250 strangle.

A much riskier trade would be going short with SL 21190 and targets 21120 and 21090.
Trade aktif
I'm done for the day. Only very small positions in this trade. Use 5 mins charts to see lower highs formation.
Catatan
Entered 21150 PE @ 9
Catatan
Partially booked @ 14. SL trailed to 8.
Catatan
partially booked @ 18. SL moved to 10
Trading ditutup secara manual
Booked at 13
BANKNIFTYfinniftyNIFTYSupply and DemandSupport and ResistanceTrend Analysis

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