On weekly chart nifty 50 has created piercing pattern if nifty open above last week high then its a good time to go long in nifty50 18100 ce monthly expiry would be a good idea to hold.
With a 20% Stoploss and target atleast 30% to 50% in premium
If nifty fail to sustain then we may see a down swing again
Key levels for nifty would be
17800 pivot
18000 R1
18200 R2
18500 R3
Dow side
17700 S1
17500 S2
17300 S3
Either side hedge your position with strict SL
With a 20% Stoploss and target atleast 30% to 50% in premium
If nifty fail to sustain then we may see a down swing again
Key levels for nifty would be
17800 pivot
18000 R1
18200 R2
18500 R3
Dow side
17700 S1
17500 S2
17300 S3
Either side hedge your position with strict SL