As Nifty has been continuously increasing for the past four days, it has been purely seller day. The market is consolidating in a range of 70-80 Points. We have performed Top a top-to-bottom approach where we see a trendline that is marked over the chart. Nifty seems to touch the 19550 levels by this week's expiry.
Reason:
Verdict:
Bullish
Plan of Action:
Sell PE on lower Points. Don't go for option Buying based on the last four days moment.
Reason:
- Price > EMA(13,50,200) (Bullish)
- Golden crossover (Bullish)
- PCR = 1 (Bullish)
- RSI > 60 (Bullish)
- 200 EMA support downside.
Verdict:
Bullish
Plan of Action:
Sell PE on lower Points. Don't go for option Buying based on the last four days moment.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.