Expecting Nifty to Open around 9885 on Monday
Above 9885, Target – 9955
Below 9835, Target – 9806, 9780
Nifty Option Scenario
Big money has been shorted @ 9800 Put Option, indicating, Nifty will not go below 9800.
10000 Call Option has also been shorted which implies that Nifty might not cross this level or if it does, will not sustain.
As per the above given Gann Box, Nifty is likely face a resistance @ 9950 -9955.
Nifty Expiry is likely to happen around 9950.
Trade Set Up This Week
Buy Two Lots of Nifty Futures and hedge it with 3 lots of Nifty 9800 Put Options.
Please Note – The above given values are estimates based on the data which is available right now.