once it break that we will see further rise
as market is non directional
risky trader can buy 40400 call + buy 40400 put
nifty too is on it's vwap
Again 500 point fall in last 9 min
in last 25 min banknifty fall n rises by 1100point
and on wednesday there would be big moves on either side
and to recover your loses in current positions
https://youtu.be/TfPiV6ny8js
We keeping 17800 if needed will further adjust
Friends I m not in market just saw NIFTY
Just watching a clear risk free entry
seems today it would be a range bound market
Risky traders can buy put for 17800 with SL above 17920 (40p) SL
indicating good fall of 84points
banknifty got max resis @ 40400 (intraday)
keeping volatility in mind it's the only trade we can think of for now
let it break that and if bounces back than we can buy call
banknifty took support on it's vwap
New traders don't gamble in such market if you can't handle the volatility
so keep spare money for that move
As till budget market will be behave non directional
only focus on trading
Members so far strategy is fine adjustment will be provided Monday
That way we will reduce our max loss
so far it's all range bound indication
as now new support is shifting toward higher levels
current price is 17830 ( nifty spot) let it break 17800 it's strongest support
only 42000 is acting as support rest is all resistance on all higher ends
Nifty future is trading around 17884