chinmayjog

NIFTY expected to be rangebound

NSE:NIFTY   Indice NIFTY 50
NIFTY has opened gap down today. Global cues are weak. There is EMA 21 support on 17730 levels on the hourly chart, at which it is currently trading. Max pain as of now is at 17750. Maximum call writing is at 18000 levels. Put unwinding has been seen above 17800 levels. Put writing at 17700 and 17600 indicates support at these levels. I expect NIFTY to trade between 17600-17800 for the day, and close near 17750.

DISCLAIMER: I am not SEBI registered advisor. Views are personal and for educational purposes. Please do not use these as benchmarks for trades.

Idées en relation

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.