Price Action Trading : Redefined - KR Market Gurukul (KRMG) πŸ’Ή
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Mr. Bhushan K. is NISM-Certified Research Analyst.We are Logical PRICE ACTION TRADERS on mission to assist traders via realtime charts (Views only for education)

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Both indices are sideways - trading in lower vol and until #Banknifty breaks above 51100 zone - buyers wont come aggressively

Nifty also need to move with volume outside PDH/PDL

If we stay between PDH/PDL - spikes will come in both calls and puts and can become a difficult day for Option Buyers

Hence avoid aggressive trades until the said RANGE is broken by both
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πŸ‘‰πŸŸ© Both indices are opening near their resistance areas - We need a good WRC above PDH for confirming strength of Buyers

We are stuck in range in both indices, so markets can be tricky over here

Put buyers need to enter only after trap above PDH

Monday morning it is advisable to trade cautiously with proper risk management
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πŸ‘‰πŸ‘‰As we broke with WRC above PDH, took call buy in 10 lots and booked it now as we have reached upper part of range at 51200 as shown in morning chart

CPA students look at the timing of trade and it is taken as per 1 min chart

Good scalping trade in morning
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Nifty did not come near to PDL even though Banknifty broke below PDL , suggesting weaker trend in BN

Also now BN is stuck between 51000 and Gap Filling Area, so sideways volatility will be there and premiums will swing both sides - So Option Buyers need to work will SCALPERS in such markets
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