spike down from 41800 to 38500
after that three pushes down to 37500
demand zone + trend channel line confluence
aggressive longs enter at 37500
because it might give a bear trap under the demand zone
best trade would be these
bull put spreads
short term : 37000 PE sell & 36000 PE buy
9th December 2021 contract
medium term : december 23 expiry ( when cmp is at 37500)
buy 10 lots 38500 CE sell 5 lots 36500 ce
in the ratio 2:1
ONLY AGGRESIVE LONGS CAN GO LONG HERE
after that three pushes down to 37500
demand zone + trend channel line confluence
aggressive longs enter at 37500
because it might give a bear trap under the demand zone
best trade would be these
bull put spreads
short term : 37000 PE sell & 36000 PE buy
9th December 2021 contract
medium term : december 23 expiry ( when cmp is at 37500)
buy 10 lots 38500 CE sell 5 lots 36500 ce
in the ratio 2:1
ONLY AGGRESIVE LONGS CAN GO LONG HERE