black TL is acting as a maj support...
yellow line is a maj resistance...
red TL is a hurdle !
trading below 34,50 ema...RSI at 40 levels(considered +ve)
CE 20500 approaching a maj resitance at 440 levels..
PE 20500 is at maj support of 315 ...
now what to do :
when things are not clear option is to wait for monday cues...
one more option:
sell the 20500 straddle at present rates or upto any rise till 760 with strict SL of 772-778 and enjoy the turbulence !!
yellow line is a maj resistance...
red TL is a hurdle !
trading below 34,50 ema...RSI at 40 levels(considered +ve)
CE 20500 approaching a maj resitance at 440 levels..
PE 20500 is at maj support of 315 ...
now what to do :
when things are not clear option is to wait for monday cues...
one more option:
sell the 20500 straddle at present rates or upto any rise till 760 with strict SL of 772-778 and enjoy the turbulence !!