Hi All,
Markets have become too very volatile. Without any significant event, IV is more than 21.50% which is sign that a strong move can take place either side, or the IV might start to cool down a bit in coming days. Hence traders, especially Option traders, trade with strict Stop Loss.
As communicated in the earlier posts, the bias for Nifty on short term still remains positive with supports below 8000-7950.... If that level is taken out on closing basis then further downside till 7800-7700 can also be expected.
Since the markets are volatile its advised for short term traders to buy on dips with stop loss below supports.
Trade Safely, Trade Smartly
Cheers
Hrishi
Markets have become too very volatile. Without any significant event, IV is more than 21.50% which is sign that a strong move can take place either side, or the IV might start to cool down a bit in coming days. Hence traders, especially Option traders, trade with strict Stop Loss.
As communicated in the earlier posts, the bias for Nifty on short term still remains positive with supports below 8000-7950.... If that level is taken out on closing basis then further downside till 7800-7700 can also be expected.
Since the markets are volatile its advised for short term traders to buy on dips with stop loss below supports.
Trade Safely, Trade Smartly
Cheers
Hrishi
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