Tata Steel’ daily trend is bullish. However, RSI for monthly and weekly is indicating a sideways trend. Based on option chain analysis, the range is between 100 and 120. This is a wide range. Let’s plan a trade around this.
Tata Steel’ daily trend is bullish. However, RSI for monthly and weekly is indicating a sideways trend. Based on maximum open interest, its maximum open interest at the PUT side is at strike 100, and on the CALL side, it is at 120. This is a wide range. We are assuming it will spend most of the time between 112-123. We are recommending a short Iron Condor strategy for taking the short-term non-directional strategy.
Where an entry can be
2 mins read
Jan 10, 2023, 09:03 AM IST
Gift A Story
Share member-only stories with your friends or family and help them read it for free.
Gifting Limit Reached!
Hey , no more stories left for you to gift.
No worries! You will get a limit of 15 stories next month to share with your friends and family.
Access the exclusive Economic Times stories, Editorial and Expert opinion
var h3 = “You tried reading ” + listArr.length + ” locked stories in the past ” + threshold + ” days.”, h4 = “Become an ET Prime member and don’t miss out on these exclusive stories.”;
var html =