Price Action :
Nifty consolidated hitting a high of 23800 taoday and closed in slight negative
Technicals:
Nifty opened above 23800 and traded below it for whole day in a narrow range and closed at lowest point of day forming a small Bearish candle. A small profit booking was see at 23800 levels (from downward trend line from previous highs) but over all looked strong and stable managing to close above 10.20,50,200 DEMA.
The momentum indicators, RSI - Relative Strength Index improved to 56
Support/Resistance
Major Support 23500
Immediate Support 23600
Immediate Resistance 23750
Major Resistance 24000
Trend:
Overall Trend is Bearish but short term Nifty is bit positive if trades above 22300
Options Data:
Highest CE OI was at 24000 ( swa some addition) - Resistance
Highest PE OI was at 23500 (saw addition) - Support
23700CE 23800CE saw major addition signaling Shorts added & 23700 is Resistance
PCR is 0.9 which indicates not Bearish
Futures Data:
FII Long/Short ratio improved to 12%/82%
Nifty Futures price was in neagative, a slight decrease in price alongside slight decrease in Open Interest (OI) typically indicates small profit booking
Outlook for Next Session:
Nifty in Strong above 23500
Approch:
Maintain Long positions with 23500 SL
avoid shorts
Wait for today’s High or Low to break and sustaines for further direction
My Trades & Positions:
still holding Long in Feb Series CE waiting for a big Short covering above 24100
Nifty consolidated hitting a high of 23800 taoday and closed in slight negative
Technicals:
Nifty opened above 23800 and traded below it for whole day in a narrow range and closed at lowest point of day forming a small Bearish candle. A small profit booking was see at 23800 levels (from downward trend line from previous highs) but over all looked strong and stable managing to close above 10.20,50,200 DEMA.
The momentum indicators, RSI - Relative Strength Index improved to 56
Support/Resistance
Major Support 23500
Immediate Support 23600
Immediate Resistance 23750
Major Resistance 24000
Trend:
Overall Trend is Bearish but short term Nifty is bit positive if trades above 22300
Options Data:
Highest CE OI was at 24000 ( swa some addition) - Resistance
Highest PE OI was at 23500 (saw addition) - Support
23700CE 23800CE saw major addition signaling Shorts added & 23700 is Resistance
PCR is 0.9 which indicates not Bearish
Futures Data:
FII Long/Short ratio improved to 12%/82%
Nifty Futures price was in neagative, a slight decrease in price alongside slight decrease in Open Interest (OI) typically indicates small profit booking
Outlook for Next Session:
Nifty in Strong above 23500
Approch:
Maintain Long positions with 23500 SL
avoid shorts
Wait for today’s High or Low to break and sustaines for further direction
My Trades & Positions:
still holding Long in Feb Series CE waiting for a big Short covering above 24100
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.