ETMarkets Smart Talk: Rahul Ghose explains options trading strategy in Adani stocks

Once the level of 16,740 gets taken out by a bearish closing, the trend changes to a confirmed downtrend. It is important to note that the 16,740 level is important because there is a demand zone on the index up to 16,740 and also the fact that the Elder ray signals right now do not completely write-off this sideways movement

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