June 11th expiry around 20600/20700 levels

11 Jun 2020

As per the pitchfork analysis markets touched te outside the boundary and are clearly moving to the downside. we expect the movement to go till 20600 which is the medial line of the pitchfork and then either do a reversal or go past it. Since we see a suppot around 20500 max market movement might be till 20500 but not beyond that. Taking a 11th Jun expiry 21000CE and selling it at 125 can be a sure shot profit of 125 rs at the time of writing this article and buying 11th jun expiry 20700pe at 85 with a targt of 150