Daily charts
- nifty trend is up on daily charts
- the recent swing low broke on 29-SEP but I have ignored it.
- this is because of support at 8500 and
- the fact that NF is trading in a falling channel
5 min charts
- break of 2 day range was sell signal
- did not trade short as it was close to a very imp support 8500
- used this decline to exit short calls and built some short trade in covered puts.
- refer my posts on option trading for details.
- nifty trend is up on daily charts
- the recent swing low broke on 29-SEP but I have ignored it.
- this is because of support at 8500 and
- the fact that NF is trading in a falling channel
5 min charts
- break of 2 day range was sell signal
- did not trade short as it was close to a very imp support 8500
- used this decline to exit short calls and built some short trade in covered puts.
- refer my posts on option trading for details.
