As we have discussed in our last analysis nifty is trading at All-time-HIGH . So, some consolidation was requried. Today is expiry we mostly expiry used to be sidewways momentum. We can see NIfty has Created a RANGE 19950-20100 . Today I am expecting the sideways moment. ALL important levels are marked on chart. Reason PCR = 1.16 (Bullish) Huge PUT...
Below mentioned points are discussed in my post analysis video(Fast forward to 4:45 for Hindi Audio) -Nifty Future Gave a 100+ point trade on Expiry Day-Explained & Orderbook shared -Lost in Nifty 17100 positional CE -How i caught the bottom in Nifty -How will i trade when market opens on Friday
Below mentioned points are discussed in my post analysis video(Fast forward to 3:40 for Hindi Audio) -Sharing Logic & Orderbook-Easy Expiry. -Good Buy Volumes on Nifty & BankNifty(Explained Many Times) -How i caught the bottom in Nifty -How will i trade when market opens tom.
long above - 41200, T1 - 41350, T2 - 41500, T3 - 41656, T4 - 41810..... SL 41150 Short below - 40889, T1 - 40736, T2 - 40587, T3 - 40450, T4 - 40280......... SL 41200. All lines above 41200 will act as resistances. All lines below 40889 will act as supports. Please check the chart carefully.
Long above 17750, T1 - 17784, T2 - 17815, T3 - 17838, T4 - 17915....... SL 17720 Short Below 17720, T1 - 17685, T2 - 17641, T3 - 17603, T4 - 17564...... SL 17750 All lines above 17750 will act as resistances. All lines below 17720 will act as supports. Please check the chart carefully.
This is a short monthly expiry analysis. It shows a clear slowdown in momentum. Intraday was not favourable to bulls. Will this continue? What do you feel?