The above is the gamma based broad range for March Series.Lower end is 5910 & Upper end is 6700.Both these points are not expected to be breached in March series..
Critical Positivity point is 6305.This depicts the mood or the sentiment.
Last series sentiment point was 6140 & nifty scaled it & macd became positive.The question is whether nifty would scale 6305 also in the same speed.If it is not able to cross,thats the indication that macd is once again going to become negative.
Thus,the 200 point move we had been suggesting is either 6305-6108 on the lower side or 6305-6503..on the upper side.This the minimum point.If more bearish or bullish,nifty could move further..
The upcoming negativity or positivity could be determined through the positioning of critical parameters in the Range sheet.
20ema reversal point beyond L4 is positive.Thus,strong support at 6130-6150 region(20ema point)
5ema reversal point nearing L2 is time to be cautious.But,still some more space is there for a move towards 6305.
(5ema reversal & 20ema reversal point is calculated to determine the possibility of breaking of 5ema/20ema respectively)
With the information and ranges mentioned above how would you trade?
Expect option traders to give their option strategies.
Critical Positivity point is 6305.This depicts the mood or the sentiment.
Last series sentiment point was 6140 & nifty scaled it & macd became positive.The question is whether nifty would scale 6305 also in the same speed.If it is not able to cross,thats the indication that macd is once again going to become negative.
Thus,the 200 point move we had been suggesting is either 6305-6108 on the lower side or 6305-6503..on the upper side.This the minimum point.If more bearish or bullish,nifty could move further..
The upcoming negativity or positivity could be determined through the positioning of critical parameters in the Range sheet.
20ema reversal point beyond L4 is positive.Thus,strong support at 6130-6150 region(20ema point)
5ema reversal point nearing L2 is time to be cautious.But,still some more space is there for a move towards 6305.
(5ema reversal & 20ema reversal point is calculated to determine the possibility of breaking of 5ema/20ema respectively)
With the information and ranges mentioned above how would you trade?
Expect option traders to give their option strategies.
Attachments
-
18.5 KB Views: 360