6th Dec 22: Nifty Analysis: Buy Bull Put Spreads on Dips

Trades:
Bull Put Spread:
Sell Far Away Put

15th Dec: PE Sell 18500
PE Buy 18400
Max Proft: 1175 PO% 71%

Charts:

Weekly Chart:
There is a Retracement
Previous Week there was a Bullish Engulfing Candle, followed by a Green Confirmation Candle.
Bullish

1D Chart:
Nifty having Rejection from Previous ATH of 18600 and bounced back from there which shows there is an Ample support.

Nifty forming support at the current Levels and is Bullish.

15 Min Chart:
Buy above 18725, yestaedays high.

It's a Sell below 18620, Yesterday's Low, if it's successfully broken, as there can be selling in the Market.

OR if it crosses the Trendline, it's a Buy.

OI:
18600: Call added 4.3M and Put added 3.9M.
It is a Big Support

18700: With 10M Calls, is a Resistance,

18800: Biggest Resistance with 11M Calls
Trend Analysis

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