Opteq traders

Expiry jackpot - 24100 CE PE at 50-50 Tgt single side will be 125

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Key Levels Immediate Resistance: 24,500–24,505 Next Target: 24,520 (R4) Support: 24,480 Strong Support: 24,460 Hero Zero Setup Bullish Trade Enter: Only if a 5-minute candle closes above 24,505. Buy: 24,500 CE or 24,550 CE (same-day expiry). SL: NIFTY below 24,490. Targets: T1: 24,520 T2: 24,540 T3: 24,560 (if momentum expands) Bearish Trade Only if NIFTY closes below 24,480. Buy: 24,450 PE. SL: Above 24,495. Targets: 24,460 24,440 Current Recommendation Do not chase the move here. Price is sitting just below resistance. Wait for either: A breakout above 24,505, or A rejection and close below 24,480. The next 5-minute candle will likely decide the direction.

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Key Levels Resistance 24,430-24,435 (current ceiling) 24,455 24,475 Support 24,405 24,390 24,375 (major intraday support) Trade Setup 1 (Preferred) Buy only if 5-minute candle closes above 24,435. Buy 24450 CE Entry: Above 24,435 SL: 24,410 Target 1: 24,455 Target 2: 24,475 Target 3: 24,500 Trade Setup 2 If price falls below 24,405 with strong volume: Buy 24400 PE SL: 24,425 Target: 24,390 → 24,375 → 24,350 Hero-Zero Setup Do not take Hero-Zero while NIFTY is stuck between 24,405 and 24,435. Wait for: Above 24,435: Hero setup on 24450 CE Below 24,405: Hero setup on 24400 PE This range is only about 30 points, so entering inside it has poor risk-reward. My bias at the moment: 60% bullish / 40% bearish. Buyers still have the advantage as long as 24,405 holds.

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Hero-Zero Trade (only if trigger comes) Bullish Setup (Preferred) Buy above: 77,315 Stop Loss: 77,245 Target 1: 77,420 Target 2: 77,500 Target 3: 77,620 ➡️ Trade only if a 5-minute candle closes above 77,315 or price breaks it with strong momentum. Bearish Setup Only if price falls below 77,235. Buy PE below: 77,235 SL: 77,305 Targets: 77,170 77,120 77,030 Option Strikes If using Sensex weekly options: Bullish: Buy 77300 CE (or nearest ATM CE). Bearish: Buy 77200 PE if breakdown occurs. My view The momentum still favors the bulls. I would not short this market yet. I’d wait for either: A breakout above 77,315 for a continuation long, or A confirmed breakdown below 77,235 before considering puts.

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76200 PE - can do 3x from here - 95 to 300 Manage your risk View valid till tomorrow

77000 PE looks attractive between 340-380 Tgt being 600 SL being 300

Sensex Hero-Zero Setup 🟢 CE (Preferred) Trigger: 5-minute candle closes above 76,870 Buy: ATM CE (76800 CE or 76900 CE, depending on premiums) Spot SL: 76,800 Targets: 🎯 76,995 🎯 77,120 🎯 77,320 (if momentum expands) ⸻ 🔴 PE (Only if rejection) If Sensex fails at resistance: Trigger: 5-minute candle closes below 76,760 Buy: 76800 PE Spot SL: 76,845 Targets: 🎯 76,680 🎯 76,615 🎯 76,545 ⸻ My Bias Bullish: ~65% Bearish: ~35% The candles are making higher highs and higher lows, so I would not short into strength. My recommendation Wait for 76,870 to break on a 5-minute closing basis. If it breaks with good momentum, that is the higher-probability Hero-Zero setup. If it gets rejected from that level instead, switch to the PE setup.

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If you still want to take a high-risk setup, these are the only levels I’d consider: 🔴 Hero-Zero PE (Higher Probability) Trigger: 5-minute candle closes below 57,620 Buy: 57600 PE (preferred) or 57500 PE if you specifically want a lower-premium contract…

If you still want to take a high-risk setup, these are the only levels I’d consider: 🔴 Hero-Zero PE (Higher Probability) Trigger: 5-minute candle closes below 57,620 Buy: 57600 PE (preferred) or 57500 PE if you specifically want a lower-premium contract Spot Stop-Loss: 57,665 Targets (Spot): 57,560 57,500 57,420 (only if selling accelerates) 🟢 Hero-Zero CE (Only if trap reversal) Trigger: 5-minute candle closes above 57,690 Buy: 57700 CE Spot Stop-Loss: 57,650 Targets (Spot): 57,760 57,820 57,900

Trade Setup 🔴 Preferred Trade Option: 57700 PE (or 57600 PE if premiums are more attractive) Entry: Around current levels or on a small pullback to 57,720–57,730 Spot SL: 57,765 Targets (Spot): T1: 57,640 T2: 57,600 T3: 57,520 🟢 Bullish Reversal (Only if) Cancel the bearish view if: Bank Nifty closes above 57,780 on a 5-minute candle. Then look at 57800 CE with targets 57,860 → 57,930.

Hero-Zero Probability At this point: PE: ~70% probability if price stays below 57,740. CE: Only if a strong reversal reclaims 57,780.

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⸻ Key Levels Resistance 24,117 (immediate breakout trigger) 24,129 24,150 24,178 24,198 Support 24,096 24,087 24,076 24,039 ⸻ Trading Plan 🟢 CE Trade Buy only if a 5-minute candle closes above 24,117. Strike: 24100 CE (ATM) – Best choice 24050 CE (ITM) – Safer if premiums are reasonable SL: 24,095 Targets: 🎯 T1: 24,129 🎯 T2: 24,150 🎯 T3: 24,178 ⸻ 🔴 PE Trade Buy only if a 5-minute candle closes below 24,096. Strike: 24100 PE SL: 24,118 Targets: 🎯 T1: 24,087 🎯 T2: 24,076 🎯 T3: 24,039 ⸻ My Bias The overall intraday structure has improved after the recovery from the lows, but price is still trading just below resistance. 🟢 Bullish probability: 60% 🔴 Bearish probability: 40% My Recommendation Do not enter at 24,105. Wait for one of these confirmations: ✅ Above 24,117 → Buy 24100 CE ✅ Below 24,096 → Buy 24100 PE This avoids getting caught in the current consolidation and lets the market show its direction first.

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Trade Plan ✅ CE Setup (Preferred) Buy only if: Price holds above 77,608 and forms a bullish reversal candle, or A 5-minute candle closes above 77,782. Strike: 77600 CE (ATM) 77500 CE (slightly ITM for lower theta risk) Stop-loss: 77,570 Targets: T1: 77,782 T2: 77,836 T3: 77,950–78,000 ⸻ ✅ PE Setup Buy only if a 5-minute candle closes below: 77,608 Strike: 77600 PE Stop-loss: 77,690 Targets: T1: 77,579 T2: 77,434 T3: 77,285 ⸻ My View At this moment, the market is pulling back into support after a strong rally. That often produces either: A bounce from support (continuation), or A deeper correction if support fails. I would not short immediately just because two red candles appeared. Current bias: 🟢 Bullish: 60% 🔴 Bearish: 40% The next 5-minute candle around 77,608 is the decision candle. If it holds and buyers return, the higher-probability trade is a CE. If it closes decisively below 77,608, switch to a PE.