Nifty opened Falt in line with global cues and saw buying from opening making a high of 22577 then to find some profit booking to close at 22509, 0.5% above previous day’s close.
Price Action : - Bullish
Nifty closed 0.5% in positive.
Candle Pattern:
Formed a Big Green candle with a small wick on uopside.
Daily EMA Positioning:
10dEMA 22476
20dEMA 22601
50dEMA 22999
200dEMA 23410
EMA Trend:
Closed above 10dEma finding resistance at 20dEma,
Daily MA suggests Selling
Hourly suggests Buy
15mins Suggests Strong Buy
The momentum indicator, RSI - Relative Strength Index rising above 42
Support/Resistance Levels:
Major Support 22400
Immediate Support 22300
Immediate Resistance 22580
Major Resistance 22750
Trend:
Overall Trend is Slight Bullish above 22600
Daily Options Activity:
Highest CE OI was at 23000 with highest addition at 22800 - Resistance
Highest PE OI was at 22000, highest Put writing seen at 22500, 22300 - support
PCR is 1 indicating slight positive
Daily Futures Activity FII + Pro F&O Data:
FII Long/Short ratio at 21%/79% indicating slowly addition of Longs by FIIs
Change in Futures OI:
FII Future positions saw little addition in longs +2K with -1K change in shorts
Nifty Futures price was slightly higher with no major OI addition
Observation:
Overall looks a positive consolidation day above 22500, with good PE addition at 22500 can see
higher levels if 22580 taken out for targets 22700-800 in currents wkly series
Overall Trend:
Sideways consolidating turning positive
Outlook for Next Session:
Nifty looks strong above 22580 for tgt 22750-800
Approch & Strategy:
Long above 22580 for tgt 22750-800
My Trades & Positions:
Holding Longs from 22450 levels
Price Action : - Bullish
Nifty closed 0.5% in positive.
Candle Pattern:
Formed a Big Green candle with a small wick on uopside.
Daily EMA Positioning:
10dEMA 22476
20dEMA 22601
50dEMA 22999
200dEMA 23410
EMA Trend:
Closed above 10dEma finding resistance at 20dEma,
Daily MA suggests Selling
Hourly suggests Buy
15mins Suggests Strong Buy
The momentum indicator, RSI - Relative Strength Index rising above 42
Support/Resistance Levels:
Major Support 22400
Immediate Support 22300
Immediate Resistance 22580
Major Resistance 22750
Trend:
Overall Trend is Slight Bullish above 22600
Daily Options Activity:
Highest CE OI was at 23000 with highest addition at 22800 - Resistance
Highest PE OI was at 22000, highest Put writing seen at 22500, 22300 - support
PCR is 1 indicating slight positive
Daily Futures Activity FII + Pro F&O Data:
FII Long/Short ratio at 21%/79% indicating slowly addition of Longs by FIIs
Change in Futures OI:
FII Future positions saw little addition in longs +2K with -1K change in shorts
Nifty Futures price was slightly higher with no major OI addition
Observation:
Overall looks a positive consolidation day above 22500, with good PE addition at 22500 can see
higher levels if 22580 taken out for targets 22700-800 in currents wkly series
Overall Trend:
Sideways consolidating turning positive
Outlook for Next Session:
Nifty looks strong above 22580 for tgt 22750-800
Approch & Strategy:
Long above 22580 for tgt 22750-800
My Trades & Positions:
Holding Longs from 22450 levels
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.