Nifty Intraday view - 06-12-2021

Nifty last trading session has shown good fall from 17500 , which means nifty is not ready to change the swing , and in daily time-frame it has shown drak cloud pattern .

low of the friday candle will be crutial for us , breaking the candle low will allow nifty to fall further , if low dont break , then we will see the sideways trend.

Today range - 17350 - 17150

Below 17150 it will be fall , and options price will spike like anything .

i would suggest to sell 17350 ce when nifty will be trading around 17300 and once it tests 17150 hedge it with 17100 pe , if 17150 breaks , buy 17150 pe.

Chart PatternsTrend Analysis

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