For nifty 50 =
17630-635 is a level where price rejected multiple times, so if price price gives a breakout at 5 min. chart, one should buy call option.
Reasons for continuation-
1. From last two days there is no directonal move so it may
2.Monthly expiry ( I have observed many times that if two or three days before the monthly expiry move is range bound then there is high probability for directional move)
If you are a index option buyer then you must try this strategy. This works for me, it will work for you.
It gives you huge risk reward as compare to other days becuase the on direction move.
Please read & do comment so that I can find more opportunities to improve my self for more good analysis.
THANKS
17630-635 is a level where price rejected multiple times, so if price price gives a breakout at 5 min. chart, one should buy call option.
Reasons for continuation-
1. From last two days there is no directonal move so it may
2.Monthly expiry ( I have observed many times that if two or three days before the monthly expiry move is range bound then there is high probability for directional move)
If you are a index option buyer then you must try this strategy. This works for me, it will work for you.
It gives you huge risk reward as compare to other days becuase the on direction move.
Please read & do comment so that I can find more opportunities to improve my self for more good analysis.
THANKS