NTPC: Bullish to sideways
Synopsis
NTPC’s daily trend is bullish to sideways. RSI for monthly, weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 215 and 220. Let’s plan a trade around this.
By Sahil SwaroopNTPC’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily is showing bullish momentum. Based on data, its maximum open interest on the PUT side is at strike 215, and on the CALL side, it is at 220. We are assuming it will spend most of the time between 210 and 225. We are recommending a short Iron Condor strategy for taking the short-term non-directional strategy. An entry can be considered if the price is
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