Nifty is stuck in a Range
Although BN showing Bullishness yesterday, Nifty is still stuck in a range.
While people might think that some kind of triple bottom is formed, I will look to play it on a weekly basis.
For this week's expiry, my view is that Nifty is stuck in the range between 24,000 on the downside and 24,800 on the upside.
I took straddle position yesterday afternoon and will look to carry it forward till expiry looking to pocket some premiums.
Sold 07th Nov 23800 PE & 07th Nov 24850 CE
Other than this, if I see the scope of any intraday action, then I might take that as well.
PS - Not a recommendation. It is advisable to do due diligence before taking trades.
While people might think that some kind of triple bottom is formed, I will look to play it on a weekly basis.
For this week's expiry, my view is that Nifty is stuck in the range between 24,000 on the downside and 24,800 on the upside.
I took straddle position yesterday afternoon and will look to carry it forward till expiry looking to pocket some premiums.
Sold 07th Nov 23800 PE & 07th Nov 24850 CE
Other than this, if I see the scope of any intraday action, then I might take that as well.
PS - Not a recommendation. It is advisable to do due diligence before taking trades.
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.