Levels:
Support: 180, 150, 120
Resistance: 200, 220, 235
OI Data (21st Feb Expiry):
Nearest Major Resistance per OI data: 200
Nearest Major Support per IO data: 200 * interesting *
Trade setup:
1. Setup: Bearish
2. 200 is the make-or-break level for this Thursday expiry. (It has 7k Call and 4.2k Put)
3. If it stays above 215-220, there will be short covering, pushing it towards 250. Go long with SL: 200 (1 point = 1250/-)
4. Below 180, it's sell.
5. Best trade is: If the price pull back above 200 (~210 level) and then shows weakness (15m / 30m timegframe), buy NaturalGas 200 PE (23rd Feb).
Put a SL (in Future) as 220. RR is great: 1:3 (210 vs 220 as SL, target 180)
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 220 | 200 | 235| 250
-----------------------------------------
SELL | < 180 | 200 | 150 |125
+++++++++++++++++++++++++++++++++++++++++
Support: 180, 150, 120
Resistance: 200, 220, 235
OI Data (21st Feb Expiry):
Nearest Major Resistance per OI data: 200
Nearest Major Support per IO data: 200 * interesting *
Trade setup:
1. Setup: Bearish
2. 200 is the make-or-break level for this Thursday expiry. (It has 7k Call and 4.2k Put)
3. If it stays above 215-220, there will be short covering, pushing it towards 250. Go long with SL: 200 (1 point = 1250/-)
4. Below 180, it's sell.
5. Best trade is: If the price pull back above 200 (~210 level) and then shows weakness (15m / 30m timegframe), buy NaturalGas 200 PE (23rd Feb).
Put a SL (in Future) as 220. RR is great: 1:3 (210 vs 220 as SL, target 180)
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 220 | 200 | 235| 250
-----------------------------------------
SELL | < 180 | 200 | 150 |125
+++++++++++++++++++++++++++++++++++++++++
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.