sahi hai dost..options strategies seem to complicated but you seem to have mastered it well...thanks for posting your live trades...maybe i can learn something from you...
I myself am a learner so i cannot tell you ..this decision is for you to make but i will wait for nifty to break below 5310 conclusively before shorting. reason is the 20EMA on 5 min chart and 50 EMA on 15 min chart...these are where nifty has been taking support since 10 AM today. And divergences will work only if nifty does not stay in overbought or oversold zone for long...this is my thought process and obviously i can be wrong
sahi hai dost..options strategies seem to complicated but you seem to have mastered it well...thanks for posting your live trades...maybe i can learn something from you...
The setup i see tells me that there will be a downwards breakout. Divergenc on 5 min chart is clearly defined now and i see a double top being formed now but like i said i will not short unless 5310 is broken with rise in volume..10 and 20 EMA on 5 mins chart have been provinding support to nifty for a long time now and we need nifty to break them before the direction of market can change.