TRADE POSSIBILITY OF NITFY ON MONDAY 23.3.20

21 Mac 2020

SEE IN FIGURE I HAVE SHOWN A GREEN ZONE WHERE MARKET SHOULD OPEN EITHER AT ZONE OR RECOVER IN AN HOUR IF OPEN SLIGHTLY GAP DOWN ON MONDAY FROM THIS ZONE. ONLY THEN MARKET WILL RECOVER OTHERWISE WILL SEE NEW LOW. SINCE I AM OPTION TRADER , SO I TRY TO CHANGE MY SENTIMENTS WITH MARKET MOVE IN INTRADAY NO RECOVERY IN FIRST HR. THEN I WILL TRADE IN PUT. ON THE CONTRARY CALL OPTION. THE WHITE CO LOUR ARROW IS THE AREA IN COMING DAYS WHERE NIFTY WILL CONSOLIDATE WHEN RECOVER FROM GREEN ZONE. THE RED CO LOUR RESISTANCE IF CROSSED IN COMING DAYS THEN BOTTOM CAN BE CONFIRMED.