..... Expiry range seems to be 5700-5800.....
Lets see if this particular strangle works ..
sell 5800 CE @26.20, Sell 5700 PE @46.05 Total inflow 72
Expectations : Range bound between 5700-5800
Lets see if this particular strangle works ..
sell 5800 CE @26.20, Sell 5700 PE @46.05 Total inflow 72
Expectations : Range bound between 5700-5800
It may be way too early to settle on a the expiry range. The way PEs got liquidated today a break of 5700 is very easy.
The charts look aggressively bearish. Till, atleast, two neutral bars are formed further fall is on the cards. Strong support, from the charts, lies only at 5600. Before 5600 they're house of cards.
The charts look aggressively bearish. Till, atleast, two neutral bars are formed further fall is on the cards. Strong support, from the charts, lies only at 5600. Before 5600 they're house of cards.