Nifty Trade setup for 08.06.22 with intraday levels
Gap down opening followed by a downtrend but recovery in the last 30 mins.
Nifty has more of bearish stance as compared to banknifty. It is very weird to notice the amount of short covering that has happened at the 16300 PE
Trading Ideas
Long above 16450
Short below 16382
>>Option buying
Long Position: Buy 16500 CE
Short position: Buy 34900 PE
>>Option Selling
Sell 16800 CE and 16000 PE
Nifty has more of bearish stance as compared to banknifty. It is very weird to notice the amount of short covering that has happened at the 16300 PE
Trading Ideas
Long above 16450
Short below 16382
>>Option buying
Long Position: Buy 16500 CE
Short position: Buy 34900 PE
>>Option Selling
Sell 16800 CE and 16000 PE
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