There is a sentiment that we might see a gap up tomorrow. (Currently in bullish trend)
If nifty closes a candle above level 17620 then we can look to buy a call of as it will try to retest the level of 17740
If nifty closes below level 16460 then we will look to buy a put with a maximum target of 17350 as the gap can act as a support but if this level is broken then we can see the fall towards 17000.
If nifty respects the level 17620 then we will move towards straddling by buying both CE and PE at ATM for maximum profit by trailing stop loss.
For educational purposes only.
If nifty closes a candle above level 17620 then we can look to buy a call of as it will try to retest the level of 17740
If nifty closes below level 16460 then we will look to buy a put with a maximum target of 17350 as the gap can act as a support but if this level is broken then we can see the fall towards 17000.
If nifty respects the level 17620 then we will move towards straddling by buying both CE and PE at ATM for maximum profit by trailing stop loss.
For educational purposes only.