NIFTY Camarilla Levels & 200± Straddle Study – 19th June 2025
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🧠 Point 1: Camarilla Reaction & VWAP Slope – A Theta-Controlled Expiry
Opening Scene:NIFTY Futures opened exactly at Camarilla L3
Gave a quick and clean bounce up to H3
After that, price roamed around VWAP for most of the session
VWAP slope stayed flat → confirmed no trend strength
️ Expiry Day Context:Opened near 24,800, making it a central pivot for expiry control
→ So, today’s key straddle zones were:24,800 (spot zone) – control center
24,600 (–200 zone) – downside testbed
25,000 (+200 zone) – upside expiry trap
“VWAP flat. Camarilla bounce done early. Market got handed to option writers. My job now: read premiums, not price.”
Point 2: Premium Divergence Gave Early Clue – Short straddle Setup with Precision
“Price bounced, but premium behavior told a different story. I don't trade price noise — I trade premium truth.”
1. What Did the Premium Divergence Reveal?
🧭 During the early bounce from L3 to H3:24,600 Straddle (after an initial drop) started rising again
→ Quiet signal: someone betting on failure of this bounce25,000 Straddle , after brief spike, drifted lower
→ Optimism faded fast despite index holding above VWAP
These opposite reactions in premium = perfect divergence signal
→ Writers quietly positioned for reversal2. Where Was the Trade?
Around the +200 zone (25,000):Premium behavior hinted at trapped longs
I entered a quick short setup around the premium zone of ₹200
Targeted a drop to ₹155 with a tight ₹25 stop-loss
Trade Logic:Straddle premium setup = clean bias
Price pattern failed to carry momentum
VWAP remained flat = no push power from bulls
Point 3: One Hour Later – OI Structure Aligned with Straddle Premium Breakdown
“Expiry is a game of patience. Sometimes the market says nothing in the first hour — but if you listen closely, the OI and premium say everything.”
1 Hour Post-Open – Patience Paid Off
After the initial bounce and VWAP drift:I shifted focus to 24,800 Straddle – the highest OI zone of the day
Market structure remained inside H3–VWAP range
VWAP slope = flat, confirming non-trending, premium-control setup
What I watched:Price roaming = no breakout attempt
Premium of 24,800 Straddle started breaking down with structure
→ Triggered a clean entry at 72 & exit at 26
Note:
All charts and premium snapshots were posted live on Telegram during market hours. -
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very well explained . Need to follow your trades to become pro.
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@Rishabh Jain sir read my all article on forum, there is lots insights on my thinking on straddle which is offered by ap sir
