Nifty is in minor sideways, its now in sideways bottom. In one hour time frame if Nifty breaks and closes below 15630, then it will go to the major support 15458. If it doesnt break, then it will be in sideways ranging between 15634 to 15900. 15400 and 15900 Short strangle strategy would be better and it would give a decent profit.
Chart PatternsNIFTYshortstranglesidewaysSupport and ResistanceTrend Analysis

Also on:

Disclaimer