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.
In 15 mins time frame, the market is slightly in down trend. Once it breaks the flag pattern and closes at 35500 in one hour time frame, there is high probability for the market to go down to 34000.
now the trend is up in weekly chart
SIDEWAYS MARKET-WEEKLY OPTIONS 35500 SHORT STRADDLE WILL GIVE GOOD RETURN.