Index Options Trader
I do mostly swing trading using Index options. I post my trades here just to help budding traders to learn and educate themselves. I always believe knowledge should be shared and free.
RSI is in oversold category and sellers seems exhausted. Gap rules are in play. If yesterday's high is taken out, it will quickly fill the gap and may expire at 30500.
3HR MACD generated sell signal, bears were wait...
View validated!!
NF may stage recovery from here as index is at major support and demand zone. 1HR MACD is near reversal and double bottom pattern formed on daily charts. HDFCBANK may lead the rally. View negated if 11500 breaks and sustains.