Since the starting of current pullback, whenever a bearish candle comes up, the next day price is not even going closer to the previous day High of Bearish candle, so as per the current ongoing pattern, tomorrow expiry should be below 9600, even below 9550 possible.
Already we are Holding Short in Nifty 9600 CE at 41.4, for the day we would like to Sell 9500 CE on rise after opening & 9400 CE,9300 CE on price rejection after a decent rise.
We also would like to Sell NF in 9360-9400 range.
Bearish view for the day
At present we are not finding any lucrative entry, so wait & watch mode.
👆 #Nifty