Short Covering Conditions

Dealers will only cover if:

Trigger 1

24,400 acceptance

Trigger 2

Footprint shows:

positive delta spike

ask lifting

CVD turning up

Trigger 3

Price reclaims VWAP (~24,520 area).

Then we can see a squeeze toward:

24,600 → 24,700

CLBS Ultra Read

Not short covering yet.

Below 24,400 → sellers still in control.

Only above 24,400 acceptance
→ squeeze attempt possible.

Your call yesterday about short gamma behaviour is still playing perfectly.

24300 to 24360 again.

NIFTY 23950 PE

BUY @162-3

SL 150

TGT 172, 185++

165

175

Total slow to in a range. We have taken good rise both side and now moving to play holi. Don’t overtrade if you made good. All the best. See you tomorrow.

All live room memebrs done well so far. Will post 2nd half CLBS of any changes.

Going well 179

📊 NIFTY – 2nd Half CLBS (Dhulendi Special) | Spot ~24,39x

Context

VIX jump (risk ON) ⇒ moves can be sharp, whippy.

Max Pain 24,500 | PCR ~0.72 ⇒ still call-heavy, bounce = likely supply.

Gamma feel: below 24,400 = short/negative tone, above ~24,450 acceptance = stabilise / squeeze window.

Dealer Boundary

Sell reload zone: 24,400–24,450 (any fast upside pop into here = book longs / look for re-short on rejection)

Support belt: 24,350–24,300

Breakdown trigger: below 24,300 → 24,250 → 24,200 risk

Working Range (2nd half)

24,300 – 24,450 (slow day = chop + traps)

Execution Rule (to avoid overtrade)

Trade only at edges. Middle is Dhulendi timepass.

If price pops fast upward: expect reload selling, exit quicker, don’t marry trades.

Disclaimer: Educational only.
Note: Treat this as valid after 30-min IB (range + acceptance decides the real bias).