MRVL is currently sitting at an interesting technical area.After the extended sell-off from the $220 region, price has been consistently printing lower highs and lower lows. However, the recent move into the $177.50 area has started to show a possible shift in short-term structure.
Price has now formed what looks like a potential double bottom around the lows. The first reaction from this area was followed by a strong recovery, and the second test has also produced a bullish reaction.
But I don't think the move higher is necessarily going to be straight up.
My expectation is for price to potentially retrace back toward the $174–$177 area, where liquidity could be taken before the real expansion higher. If that zone holds and price continues to build bullish structure, the next major target is around $208, which is the previous significant resistance/high.
So the idea is:
Liquidity sweep → bullish confirmation → expansion toward $208.
The interesting part is that we're heading into the weekend while the traditional stock market is closed.
Normally, if this were a traditional Nasdaq-listed stock, I would simply have to wait until the market reopens to react to new price action.
But with this rTokens, the underlying stock exposure remains tied 1:1 to the Nasdaq reference price, while the token itself can continue trading 24/7.
That means if the technical setup continues developing over the weekend, I don't necessarily have to wait for Monday's traditional market open to participate in the move. Quite impressive on this one
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NIFTY- Intraday Levels :- 20th July 2026
NIFTY sustain above 24395/406/413 above this bullish then around 24499/500/13/15/20/27 above this more bullish then 24541/47/55/76 then above this more bullish above this wait more level are marked on chart
If NIFTY sustain below 24240 then 24227/24/20/ or 24210/03 below this wait more levels marked on chart
My view :-
"My viewpoint, offered purely for analytical consideration, The trading thesis is: Nifty (bullish tactical approach: buy on bip)
However, Wait for good support, before taking any trading decision.
This analysis is highly speculative and is not guaranteed to be accurate; therefore, the implementation of stringent risk controls is non-negotiable for mitigating trade risk."
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you. 
Long
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The Silent Killer of Option BuyersUnderstanding Theta Decay in Options 📊
Many beginners buy options and wonder:
“Market did not move much against me, then why did my premium fall?”
The answer is simple:
**Theta Decay.**
Theta decay means option premium loses value as time passes.
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✅ What Is Theta?
Theta shows how much value an option may lose because of time passing.
For option buyers, theta usually works against them.
For option sellers, theta usually works in their favour.
If you buy CE or PE, you need the market to move in your direction fast enough.
If the market stays sideways, premium can fall even if your view is not completely wrong.
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✅ Why Premium Falls With Time
Option premium has two parts:
**Intrinsic Value + Time Value**
Theta mainly affects time value.
As expiry comes closer, time value reduces.
That is why options lose premium when there is no strong movement.
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✅ Theta Hurts Option Buyers
Option buyers lose from theta when:
• Market is sideways
• Price is stuck near VWAP
• Breakouts fail
• Momentum is missing
• Expiry is close
• Far OTM options are bought
• Premium is held with hope
No movement means premium decay.
That is why option buying needs direction plus momentum.
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✅ Theta Helps Option Sellers
Option sellers benefit when premium falls over time.
Theta supports sellers when:
• Market is range-bound
• Support/resistance is holding
• Momentum is weak
• Premium slowly decays
• Price stays away from sold strike
But naked selling is risky.
Theta helps, but risk management protects.
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✅ Theta Is Faster Near Expiry
Theta decay is not equal every day.
It becomes faster as expiry comes closer.
Near expiry, even 30–60 minutes of sideways movement can reduce option premiums sharply.
This is why expiry-day option buying is dangerous without momentum.
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✅ ATM, ITM and OTM Impact
**ATM options:** Usually have high time value, so theta impact is strong.
**OTM options:** Mostly time value, can decay very fast.
**ITM options:** More stable because they have intrinsic value.
This is why far OTM lottery trades are risky near expiry.
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✅ Simple Rule for Option Buyers
Do not buy options only because premium looks cheap.
Buy options only when:
• Direction is clear
• Momentum is strong
• Candle close confirms
• Volume supports
• Price moves away from VWAP
• Premium also shows strength
If momentum disappears, exit quickly.
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✅ Simple Rule for Option Sellers
Sell options only when:
• Market is range-bound
• Support/resistance is clear
• Risk is defined
• Position is hedged
• Quantity is controlled
Do not sell naked options near breakout or breakdown zones.
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✅ Finally important point is;
Theta decay is silent.
It slowly eats premium when the market does not move.
👉For option buyers:
**Momentum must beat theta.**
👉For option sellers:
**Theta helps only when risk is controlled.**
👉Remember:
- Sideways market kills option buyers.
- Near expiry, theta becomes aggressive.
- Cheap option does not mean good option.
- No momentum = premium decay.
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Educational Purpose Only.
Education
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NIFTY Intraday Outlook — 17 July 2026NIFTY Intraday Outlook — 17 July 2026
Market Context
The opening setup is cautious to mildly positive, but not strongly bullish. Heavyweight earnings from Reliance Industries, HDFC Bank and ICICI Bank could create stock-specific volatility. Elevated Brent crude near $85, geopolitical tensions, subdued Asian markets and recent foreign-investor selling may restrict aggressive upside.
Structure
Key Levels
Immediate resistance: 24,120
Immediate support: 24,050
Current price is around 24,080, almost in the middle of this narrow range.
Therefore, the present structure is neutral and range-bound.
The earlier rejection near 24,160–24,190 confirms an active supply area.
Buyers have repeatedly defended the 24,050 region.
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Bullish Trade Plan
A bullish trade becomes valid only when:
A 15-minute candle closes above 24,120.60.
Price sustains above it or successfully retests it.
The breakout candle shows reasonable momentum and volume.
Targets
T1: 24,190-24200
T2: 24,250
Invalidation: Below the breakout-retest swing low or below the breakout candle’s low, rather than using a fixed-point stop-loss.
Important opening rule
If Nifty opens directly around 24,160–24,185, do not chase CE immediately because price would be opening inside the marked supply zone. Wait for either:
A sustained breakout above 24,190, or
A pullback and successful hold above 24,120.
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Bearish Trade Plan
A bearish trade becomes valid only when:
A 15-minute candle closes below 24,050.40.
The following candle fails to reclaim 24,050.
Selling momentum remains intact after the breakdown.
Targets
T1: 24,000
T2: 23,940
The 23,940–23,985 region is a demand zone, so partial profit booking should be considered before the second target.
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View
NIFTY is not trending clearly yet.
Above 24,130 → buyers active
Below 24,050 → sellers active
Inside range → wait patiently
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Educational view only. Trade with strict risk management.
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