Bulls getting back last week
Nifty showing strength
However it is close to the selling zone now - 16900-17100 in the past has been a strong bear zone
OI data shows good support down at 16500 with approx 7.3 million puts, 17500 as of now showing highest call OI
28th Jul expiry as of now looks like in 16500-17100 range
20 delta condor entered on 21st July might require some adjustment for upside risk - might want to do bull put spreads if NIFTY holds on 16700 and marches upwards but S&P drop on Fri if reflected might pull back the delta of the condor requiring no change
#nifty #nifty50 #optionstrading #stockmarket #analysis
Nifty showing strength
However it is close to the selling zone now - 16900-17100 in the past has been a strong bear zone
OI data shows good support down at 16500 with approx 7.3 million puts, 17500 as of now showing highest call OI
28th Jul expiry as of now looks like in 16500-17100 range
20 delta condor entered on 21st July might require some adjustment for upside risk - might want to do bull put spreads if NIFTY holds on 16700 and marches upwards but S&P drop on Fri if reflected might pull back the delta of the condor requiring no change
#nifty #nifty50 #optionstrading #stockmarket #analysis
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.