NIFTYBANK: Expiry Riddle!
Similar in Neck pattern here too, but the big difference is the fill of the previous two large wicks and the large bull candle, close above the channel.
The PIP is the intra-day version, indicating the series of wicks as the possible supply zone while the large bull candle second from the upward trend line to act as the support one.
Not much to expect, other than a rise first fall later, close in the green kind of.
Ahead of monthly expiry the indications are more in the individual spaces than the broader market.
Private Bank's continuing to garner more traction.
CA Surplus is what the headlines, that aids the Currency Market, or the Central Bank, indicating, rupee is not ready to weaken yet. Dollar overnight moves helping this further.
Reality Calm, Steady climb are the underlying factors that needs to re-assert save any close below yesterday's low.
Support 51450-51150-50950
Supply 51880-52000-52150
The PIP is the intra-day version, indicating the series of wicks as the possible supply zone while the large bull candle second from the upward trend line to act as the support one.
Not much to expect, other than a rise first fall later, close in the green kind of.
Ahead of monthly expiry the indications are more in the individual spaces than the broader market.
Private Bank's continuing to garner more traction.
CA Surplus is what the headlines, that aids the Currency Market, or the Central Bank, indicating, rupee is not ready to weaken yet. Dollar overnight moves helping this further.
Reality Calm, Steady climb are the underlying factors that needs to re-assert save any close below yesterday's low.
Support 51450-51150-50950
Supply 51880-52000-52150
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
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