F&O Radar | Deploy Bear Put Spread in Nifty for potential gains from rangebound to bearish outlook
It formed a bearish candle on the daily frame and has been making lower lows from the last two sessions.
“Now till the index holds below 24,500 zones weakness could be seen towards 24,150 then 24,000 zones whereas hurdles can be seen at 24,500 and 24,650 zones,” said Chandan Taparia, Senior VP, Equity Derivatives & Technicals, Wealth Management at Motilal Oswal.
On the options front, the maximum Call OI is at 25,000 and then at 26,000 strikes while the maximum Put OI is at 24,000 followed by the 23,900 strike. Call writing is seen at 24,500 then 24,400 strike while Put writing is seen at 23,900 then 24,350 strike.
“Option data suggests a broader trading range in between 23,900 to 24,800 zones while an immediate range between 24,100 to 24,600 levels,” Taparia added.
Stock Trading
Candlesticks Made Easy: Candlestick Pattern Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Point & Figure Chart Mastery: A Comprehensive Trading Guide
By — Mukta Dhamankar, Full Time Trader, 15 Years Experience, Instructor
Stock Trading
Derivative Analytics Made Easy
By — Vivek Bajaj, Co Founder- Stockedge and Elearnmarkets
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Commodity Markets Made Easy: Commodity Trading Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Market 103: Mastering Trends with RMI and Techno-Funda Insights
By — Rohit Srivastava, Founder- Indiacharts.com
Stock
