Hello traders nifty still in the same channnel.
1. Positional traders should avoid trading today and wait for today's closing.
2. Intraday traders can also avoid today, but they try one good trade as sl is very small there. If nifty approaches center dotted that is in between the parallel channel, put position can be taken with 20 point sl. Either wait for sl or for big target. To manage ur risk to reward buy 200 point otm puts. Sl will be even smaller there.
3. Call buyers should wait for the closing.
1. Positional traders should avoid trading today and wait for today's closing.
2. Intraday traders can also avoid today, but they try one good trade as sl is very small there. If nifty approaches center dotted that is in between the parallel channel, put position can be taken with 20 point sl. Either wait for sl or for big target. To manage ur risk to reward buy 200 point otm puts. Sl will be even smaller there.
3. Call buyers should wait for the closing.
