Nifty has remained range-bound over the past few sessions. Yesterday, Nifty traded between 24,511 and 24,620, making these levels important for Tuesday's expiry.
Bearish Setup:
If Nifty approaches 24,620–24,630 and forms a clear rejection candle, while a 15-minute candle fails to close above 24,630, a PE setup may be considered after confirmation.
Preferred: 1-strike ITM PE
Alternative: ATM PE
Possible targets: 24,600 - 24,570 - 24,540 and below
Bullish Setup:
If Nifty approaches 24,500–24,511 and forms a reversal candle, while a 15-minute candle holds above 24,500, a CE setup may be considered after confirmation.
Preferred: 1-strike ITM CE
Alternative: ATM CE
Possible targets: 24,540-24,560 -24,580
My View
I would consider 24,500–24,630 as the broader decision zone.
Above 24,630 with a sustained 15-minute close - bullish breakout possibility.
Below 24,500 with a sustained 15-minute close - bearish breakdown possibility.
Until then, rejection at resistance or reversal from support could provide the better risk-defined setups.
This post is for educational purposes only and is not financial advice. Options trading involves substantial risk.
Bearish Setup:
If Nifty approaches 24,620–24,630 and forms a clear rejection candle, while a 15-minute candle fails to close above 24,630, a PE setup may be considered after confirmation.
Preferred: 1-strike ITM PE
Alternative: ATM PE
Possible targets: 24,600 - 24,570 - 24,540 and below
Bullish Setup:
If Nifty approaches 24,500–24,511 and forms a reversal candle, while a 15-minute candle holds above 24,500, a CE setup may be considered after confirmation.
Preferred: 1-strike ITM CE
Alternative: ATM CE
Possible targets: 24,540-24,560 -24,580
My View
I would consider 24,500–24,630 as the broader decision zone.
Above 24,630 with a sustained 15-minute close - bullish breakout possibility.
Below 24,500 with a sustained 15-minute close - bearish breakdown possibility.
Until then, rejection at resistance or reversal from support could provide the better risk-defined setups.
This post is for educational purposes only and is not financial advice. Options trading involves substantial risk.
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.
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.