ATR Levels for Session
Buy Zone : From 35085.01 to 35262.89
Stop Loss for Longs (Breakdown Below) : 35049.43
Breakdown Target : 34508.68
Sell Zone : From 35974.41 to 36152.29
Stop Loss for Shorts (Breakout Above): 36187.87
Breakout Target : 36728.62
Based on ATR
NIFTY BANK broken down. Already below breakdown target.
Trading Stratagy
Downward Momentum is strong. Ideal trading strategy would be SAR based.
Based on OI: 34000.00 ~ 37000.00 range likely to hold
Highest Calls at strike price 37000.00 to act as resistance
Highest Puts at strike price 34000.00 to act as support
Bearish OI. Sell OTM Calls. Preferably 35000 or higher strikes.
Buy Zone : From 35085.01 to 35262.89
Stop Loss for Longs (Breakdown Below) : 35049.43
Breakdown Target : 34508.68
Sell Zone : From 35974.41 to 36152.29
Stop Loss for Shorts (Breakout Above): 36187.87
Breakout Target : 36728.62
Based on ATR
NIFTY BANK broken down. Already below breakdown target.
Trading Stratagy
Downward Momentum is strong. Ideal trading strategy would be SAR based.
Based on OI: 34000.00 ~ 37000.00 range likely to hold
Highest Calls at strike price 37000.00 to act as resistance
Highest Puts at strike price 34000.00 to act as support
Bearish OI. Sell OTM Calls. Preferably 35000 or higher strikes.