Nifty: Near Gap resistance zone
Nifty
Observations
On hourly charts
- Gap at 17705-17744
On daily charts
- 10 day EMA around 17578
- 20 day EMA around 17460
Given the set up one may consider to sell 29 Sept expiry Nifty 18100 Call option
Exit from strategy, if Nifty closing is above 17750
Take care and safe trading
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Observations
On hourly charts
- Gap at 17705-17744
On daily charts
- 10 day EMA around 17578
- 20 day EMA around 17460
Given the set up one may consider to sell 29 Sept expiry Nifty 18100 Call option
Exit from strategy, if Nifty closing is above 17750
Take care and safe trading
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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