my pre market journal for nifty - 26/7/23
market forming an ascending triangle with trendline support price taking bounce from 200 MA on 15 min timeframe.
market is likely to be opening around 19800, however fall is expected as 19800 levels is seeing huge call OI. similarly 19700 is seeing huge PUT OI. hence expecting market to be range bound in between these levels.
if the rising trend line is broken and sustains below, then fall up to 19700 is possible for expiry. Any sustained break above the horizontal levels of 19825, which has acted as resistance multiple times could see market run up to 19890/940/970. hence looking at CE side trade only above 19825 if sustained for at least 15 minutes.
I am not SEBI registered RA
This is my outlook for expiry day and not an invite to trade. please use your own due diligence before investing
market is likely to be opening around 19800, however fall is expected as 19800 levels is seeing huge call OI. similarly 19700 is seeing huge PUT OI. hence expecting market to be range bound in between these levels.
if the rising trend line is broken and sustains below, then fall up to 19700 is possible for expiry. Any sustained break above the horizontal levels of 19825, which has acted as resistance multiple times could see market run up to 19890/940/970. hence looking at CE side trade only above 19825 if sustained for at least 15 minutes.
I am not SEBI registered RA
This is my outlook for expiry day and not an invite to trade. please use your own due diligence before investing
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.
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.