Priyam Paul, Siliguri | Love to play a bit long range rather than quick scalping | Delta Divergent with the Buyer/Seller trap is the one I love the most. I also use Order Blocks.
In other way you are asking that what if I sell far strike option "Q ki market toh wah tak jayegahi nehi". See the answer is, there is no issue in selling far strike options. Problem is the profit you get is so minimum and with that habit when Market really moves to that level th...
After many days I saw a avg to mild selling pressure on nifty, bnf, and mid cap nifty futures. Nifty screen shot is attached for your reference. Until today's high is broken with 1H close buying is difficult. Even smal smal short size position can be taken.
ATR is not a good tool for setting SL. Be high volatile or some other case, always profit booking or SL should identified with fresh opposite direction order block zone. Like see in this image for tata motors any buy side profit should be booked at 1171 level as there is a fresh ...
Disclaimer
I am not a SEBI registered analyst. All my trade views are for educational purposes only. I do not recommend you to take real trades based on my recommendation/views/post/analysis.
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