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.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.