Markets on +ve for NIFTY October being the highest in the last few sessions.
Daily indicators:
PCR_Ol = 1.32,
RSI = 66.45
VIX = super light = < 16
FlI selling seen in INDEX OPT, with buying in STOCK FUT and INDEX FUT indicates Bull Run.
NIFTY weekly expiry option chain witnesses PE writers adding >1L contracts at 17900PE.
PCR_Ol at 17900 is >2 and 18000 <1, are crucial zones to trade.
💡NIFTY IDEAS:
Gap-Up opening,
FRESH BUY IF DECLINES TILL 17970,17970+30
TARGET 1= 18160
TARGET 2= 18330
STOP LOSS = 17900.
IF SUSTAINS OVER 18150,
TAKE FRESH BUY
TARGET 1 = 18270
TARGET 2 = 18400
STOP LOSS = 18080
Note : Only for Paper trading.