Nifty Option Day Trading Setup For Tomorrow

Nifty Option Day Trading Setup For Tomorrow
 

BUY CALL OPTION

Tomorrow First Up Possible Side Trade in Nifty50  –  If Nifty Open Gap Up Above resistance

Trade Entry – If Nifty Sustain above Support Zone   (16070 – 16058)  You Can Buy the ATM CALL Option        ( 16050 CALL)
Nifty Target – Nifty Upside First Target  is  16150 & 16236
Trade Stoploss –  If Nifty50 index Any 30 min candle Close Below Support 16058 then Exit from Trade or max. 20/25  Points Stoploss.

BUY PUT  OPTION -

Tomorrow's First Down Side Possible Trade in Nifty50 - If Nifty Open Gap Up Near Resistance 

Trade Entry – If Nifty Sustain Below Resistance Zone    (16070 – 16058) Buy 16050 PE Option Contract
Trade Target – Nifty Downside First Target  is 15930  and the second target is 15800
Trade Stoploss –  If Nifty50 index Any 30 min candle Closes Above (16070) or max. 20/25  Points Stoploss