Hello Traders,
This is my view about the Fin nifty expiry -
Overall I'm positive about fin nifty but I expect the market will test the support zone 1 and then it will bounce back till Resistance zone 2, If at all it will expire in between Resistance zone 1 and Resistance zone 2.
It could be a zig zag market on Tuesday. Watch ICICI bank, Hdfc Bank and Bajaj finance for reference.
There could be a straight away rally to Resistance zone 1 then a retest and again it may test the Resistance zone 2.
If it crosses Resistance zone 2 then it may hold for sometime and test the people and tempt everyone of shorting.
However if there is gap down or gap up the movement may differ. However I strongly believe it will expire near Resistance zone 1 or zone 2
Thanks
This is my view about the Fin nifty expiry -
Overall I'm positive about fin nifty but I expect the market will test the support zone 1 and then it will bounce back till Resistance zone 2, If at all it will expire in between Resistance zone 1 and Resistance zone 2.
It could be a zig zag market on Tuesday. Watch ICICI bank, Hdfc Bank and Bajaj finance for reference.
There could be a straight away rally to Resistance zone 1 then a retest and again it may test the Resistance zone 2.
If it crosses Resistance zone 2 then it may hold for sometime and test the people and tempt everyone of shorting.
However if there is gap down or gap up the movement may differ. However I strongly believe it will expire near Resistance zone 1 or zone 2
Thanks