15450 didn’t break today which shows strength in market. There is a good chance that till Thursday nifty would be volatile. Crossing 15750-15800 range could be tough unless something very good happens in international markets. Once it crosses 15800 there is a good chance of a rally till 16200. For now, advisable not to trade much, maybe a short straddle could be rewarding. Be aware the downside risk to below 15450 is still intact even though the chances have reduced.
Trade as per the risk appetite, Spreads are much better to trade as risk is defined
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
Trade as per the risk appetite, Spreads are much better to trade as risk is defined
Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.