Hourly Chart of Put in Oversold on RSI

Dated 03/04/2023.

 

PUT Chart Oversold


17400 27 APRIL 2023 PUT 200 BB LB around 86 and base price till now has been around 100.

After testing this level if oversold exit is witnessed with volume during market time, then expect correction from higher level. This may benefit put buying. 

Once oversold exit is witnessed then maintain the low registered till now as stop loss.

The resistance gap on NF is at 17621-17750.  If the gap is tested, then traders can look out for put of 17600 and 17700 as the opportunity is witnessed as they become ATM.




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