mr-sky

Analysis of Nifty Metal

Short
NSE:CNXMETAL   NIFTY METAL
Dt.- 27-11-2020 Price - 2925.75

Made a bearish Doji indicating there will be a correction. We are expecting that it may visit the support level that is placed at 2881. 05 and if there will be more selling pressure among stocks than it can go up to the 21DEMA. Nifty Metal is in the overbought zone. This will be the key entry-level for the put option trader.