200-+ straddle & Nifty Camarilla level ( 16th June )
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Nifty opening face resistance near H4 level & little bit drift towards H3 level .
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Then it break H4 level with vwap slope good upwards and sustain bullish move .
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now how i can get trade bias , type of trade etc by camarilla level & 200-+ straddle study ??
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first opening upper straddle was holding premium & lower straddle is weakening , so bearish bias emerged , let's in chart of 24600 straddle
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on DBS , it's active near 340-345 price with sl 360 as pattern invalidation level ...price went down to 320 but not target & it's SL near 360 ...so stop-loss hit .
now after sl hit in 24600 straddle , we have to look what both straddle doing like any expansion in structure , any camarila level break or etc , so we have to see 25k straddle what is doing
now dbs on 25k & dtb on 24.6 k will confirm bullish strong bias if comes , & it happens today ....so we get opportunity to short 25k straddle near 295-300 & droped almost 30 points from here & CE buying also possible as both 200-+ straddle in opposite structure with full directional conviction -
