Nifty is stuck in a Range
Although BN showing Bullishness yesterday, Nifty is still stuck in a range.
While people might think that some kind of triple bottom is formed, I will look to play it on a weekly basis.
For this week's expiry, my view is that Nifty is stuck in the range between 24,000 on the downside and 24,800 on the upside.
I took straddle position yesterday afternoon and will look to carry it forward till expiry looking to pocket some premiums.
Sold 07th Nov 23800 PE & 07th Nov 24850 CE
Other than this, if I see the scope of any intraday action, then I might take that as well.
PS - Not a recommendation. It is advisable to do due diligence before taking trades.
While people might think that some kind of triple bottom is formed, I will look to play it on a weekly basis.
For this week's expiry, my view is that Nifty is stuck in the range between 24,000 on the downside and 24,800 on the upside.
I took straddle position yesterday afternoon and will look to carry it forward till expiry looking to pocket some premiums.
Sold 07th Nov 23800 PE & 07th Nov 24850 CE
Other than this, if I see the scope of any intraday action, then I might take that as well.
PS - Not a recommendation. It is advisable to do due diligence before taking trades.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.