Nifty is going to gap up today, I am expecting it to open just above my supply zone at arround 15900 levels in this case breaking that 15800 to downside will be little bit difficult and nifty will hopefully continues to fill the gap formed earlier I will look for reversal or fall from supply formed at 16100 levels.
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Impliment Bull Put Spread as volatility is high to get better return at current levels and hold till price enters upper supply zone. I sold 15800 PE and Bought 15400 PE of this week expiry.