As we all know from SGX Nifty, Nifty probably going to open Gap Down near 15980-16000 level tomorrow.
Nifty may see up move up to level 16080.
Here Put writers on 16000, 16100, 16200 will try to exit and we may see big Fall towards level 16000, 15900, 15800 and Finally 15700.
This idea will fails if Nifty opens above 16100 tomorrow.
Best Level to enter short will be on short bounce in morning at 16080.
Nifty may see up move up to level 16080.
Here Put writers on 16000, 16100, 16200 will try to exit and we may see big Fall towards level 16000, 15900, 15800 and Finally 15700.
This idea will fails if Nifty opens above 16100 tomorrow.
Best Level to enter short will be on short bounce in morning at 16080.
Comment:
There is support on 15740-15750 level.
If it breaks then we again see trending day on down side.
If it breaks then we again see trending day on down side.
Comment:
We need to wait till we get the move
Target 15900, 15700 achieved.