NIFTY Strategy for 17th August,2020 "Don't Sell" before check it

For 17/08/2020
PRICE ACTION,OPEN INTEREST & CHANGE IN OI, TECHNICAL ANALYSIS

Previous trading day Nifty open at 11353
Made high of 11366 and
low of 11111 then
closed at 11178
which showed the Selling pressure on top and also
buying pressure from bottom

High to close - 188 points down from day's high
Low to close - 67 points up from day's low
i.e BEAR Power is 2.8X+ more than BULL power
BEARISH BIAS AS PER PRICE ACTION LET'S CHECK WITH OTHERS

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OPEN INTEREST ANALYSIS (20,august,2020)

HIGH OI strike CE - 11300
HIGH OI Strike PE - 11000
Next week remaining days Range Probability - 11000 to 11300
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CHANGE IN OPEN INTEREST ANALYSIS

High change in OI in CE strike as per Option data 11300 will act
as a Resistance

High change in OI in PE strike as per Option data 11000 will act
as a Support
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TECHNICAL ANALYSIS

Day basis trend line broken, Nifty tried to sustain above 11350
in lot of attempts but failed and closed below 11200

Weekly basis trend line taken support still not broke wait for
break and sustain below it to sell check levels below in
conclusion part

CONCLUSION

If sustain above 11350 to move further to 11380/11425
other wise it will come down to 11100

If sustain below 11100 may fall further to 10900/10800/10750
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The Profit Patterns
**Educational Purpose only
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Dear followers,

--Wherever I used the word sustain means not only buy or sell the levels on single spike, and enter immediately.
--Sustain means price should need to spend on time in our buy or sell level, then only enter.
--My preferable sustain price on time atleast 1hr close basis, sometimes i prefer 30mins,4hrs,day basis here everything is flexible not a rigid.
--For Risk takers may choose any time frame under 1hr and others may choose 1hr and above time frame.
--Still confusing, no issue don't hurry to execute the real trade just do it in paper as a paper trade then start with real one
--Patience most important. Be patient and do the right things continuously the right one will come.
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The Profit Patterns
**Educational Purpose only
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LIKE & FOLLOW TO GET MORE TRADE IDEAS CHECK OTHER TRADE IDEAS