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
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Really useful these insights of yours Santanu
In Point 2, you've said ...for 24,600 Straddle - someone betting on failure of this bounce
Just wanted to clarify...
You mean because 24600 (lower) straddle is rising and 24800(atm) and 25000(upper) straddles both are falling?
For index to move up higher with strength, 24800(atm) and 25000(uppe) straddle both should be rising right?
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@Anirudh Nippani no , 24800 & 24600 should rise for sustain upmove & 25k should be falling as think where itm ce /pe is there in 24.6k/25k !!!
