Nifty50 bearish sentiment and parallel channel
nifty50 Parallel channel,
next biggest support at 16000 only.
some small stoppages: 1st stop is 16700 tomorrow.
then 16400, then 16000.
Its a bearish sentiment and BEARS dont take much time.
For intraday trader's first booking zone is 16700.
For Positional trader, keep adding more once we start trading below 16700 then add more below 16400, trail till 16000,
keep it hedged, future with puts.
naked puts as debit spreads of 15500 levels or more far.
#trading_skull
#nifty #nifty50
next biggest support at 16000 only.
some small stoppages: 1st stop is 16700 tomorrow.
then 16400, then 16000.
Its a bearish sentiment and BEARS dont take much time.
For intraday trader's first booking zone is 16700.
For Positional trader, keep adding more once we start trading below 16700 then add more below 16400, trail till 16000,
keep it hedged, future with puts.
naked puts as debit spreads of 15500 levels or more far.
#trading_skull
#nifty #nifty50
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