Have been using the same Chart setup for a few days now, and feel it's still relevant now.

Upside Moves:
Go long above the upper Red line. Keep the Red line as SL.

Downside Moves:
Short Nifty below the lower Red line. Keep the Red line as SL.
Today we ended in this zone.

The range between the red lines, you can play both sides.

Good Luck and STay safe.

Disclaimer
- The view expressed here are my personal views. We're not SEBI registered Analysts.
- Always have a STOP LOSS, particularly when you trade options.
- 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
Trend Analysis

Penafian