Finnifty monthly expiry analysis for 26/09/23.
Finnifty has formed and inside candle on the daily charts and is trading below the 20 ema.
It is taking a rest after a 4-days fall. The market is around the 19850 levels after forming a double top pattern on the higher time frame.
There is a bearish moving averages cross over, on the hourly charts. It has retested the 20 ema and is taking a serious resistance around the levels.
Today, the market has consolidated and tomorrow being a monthly expiry there can be a trending move in the index.
Finnifty traded around the 20 ema, on 15 minute time frama.
Support :- 19730, 19550
Resistance :- 19920, 20030
Watch the option premium as tomorrow is monthly expiry for Finnifty.
Wait for the price action near the levels before entering the market.
It is taking a rest after a 4-days fall. The market is around the 19850 levels after forming a double top pattern on the higher time frame.
There is a bearish moving averages cross over, on the hourly charts. It has retested the 20 ema and is taking a serious resistance around the levels.
Today, the market has consolidated and tomorrow being a monthly expiry there can be a trending move in the index.
Finnifty traded around the 20 ema, on 15 minute time frama.
Support :- 19730, 19550
Resistance :- 19920, 20030
Watch the option premium as tomorrow is monthly expiry for Finnifty.
Wait for the price action near the levels before entering the market.
