Verdict:
Sideways in RANGE 19815 – 19965.

Plan of action:
Sell 19950 CE + Sell 19850 PE
Total collected Premium= 37.85 + 27.90 = 65

We have been discussing the nifty charts regularly. after the yrsterday fall we can say that as it’s Expiry today; it’s very less chance to get a big momont in a row. So, we are assuming that today it will be more of position roundoff.
Today’s moment is assumed to be sideways in RANGE 19815 – 19965.

Reasons:

  1. It’s expiry last day was big moment.
  2. Near 19815 VWAP is providing a nice support Zone.
  3. RSI is showing Bullish diversion.
  4. PCR 0.60 (Bearish)
  5. EMA 200 is providing resistance at 19965.
  6. RSI is having very low value shows week bulls

Verdict:
Sideways in RANGE 19815 – 19965.

Plan of action:
Sell 19950 CE + Sell 19850 PE
Total collected Premium= 37.85 + 27.90 = 65

Disclaimer:

The information provided in this blog post is for informational purposes only. It is not intended as financial, investment, or trading advice. The author is not a licensed financial advisor or professional.

Trading and investing in financial markets carry inherent risks, and past performance is not indicative of future results. Readers should conduct their research, consider their risk tolerance, and consult with a qualified financial advisor before making any trading or investment decisions.

The author is not responsible for any financial losses or gains that may result from actions taken based on the information presented in this blog post. All trading and investment decisions are made at the reader’s own discretion and risk.

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