What a Crazy Bull Run :).....
As Predicted and Level given earlier. the market open gapup with global positive sentiment and goes sideways hunting only Stop Losses of Option Buyer. Suddenly as our level broken a huge momentum seen. There are two reason one call writer at 39000 level get trapped and also 3 days is holiday due to which week hand closed their position in the market. Further important level to watch is 39500 for further up move if break then we can see 40000 level a new ATH..else i am expecting profit booking on Monday, due to sudden jump in seconds half all CALL are now costly. for downside 39026 is important if break then we can see profit booking upto 38500 level. After a long bull run market may go to sideways to downside Let See on monday :)
As Predicted and Level given earlier. the market open gapup with global positive sentiment and goes sideways hunting only Stop Losses of Option Buyer. Suddenly as our level broken a huge momentum seen. There are two reason one call writer at 39000 level get trapped and also 3 days is holiday due to which week hand closed their position in the market. Further important level to watch is 39500 for further up move if break then we can see 40000 level a new ATH..else i am expecting profit booking on Monday, due to sudden jump in seconds half all CALL are now costly. for downside 39026 is important if break then we can see profit booking upto 38500 level. After a long bull run market may go to sideways to downside Let See on monday :)