Currently, in this choppy market like today, buying at supports and exit at resistance is preferred.
Here, in my opinion, the best level to go long again in nifty is 17780, where put writers will support as well as XABCD reversal level will support.
Be patient and do not jump in option buy positions as today is Friday. You shouldn't be stuck until Monday to exit.
17780 level may not come today but it will have a better risk-reward ratio and is good for positional trade as well.
Happy trading :)
This is just for educational purposes.
Here, in my opinion, the best level to go long again in nifty is 17780, where put writers will support as well as XABCD reversal level will support.
Be patient and do not jump in option buy positions as today is Friday. You shouldn't be stuck until Monday to exit.
17780 level may not come today but it will have a better risk-reward ratio and is good for positional trade as well.
Happy trading :)
This is just for educational purposes.
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