1) NR7 Rectangle formed waiting for a breakout
2) 11840/50 has strong support 12000 has strong resistance as per options chain analysis
3) last week completely in consolidation and whatever move is not volume supported up move
4) out NR 7 - 5 are bearish candles
5) Nifty is Bearish in the short term but waiting for a breakdown wait & watch
2) 11840/50 has strong support 12000 has strong resistance as per options chain analysis
3) last week completely in consolidation and whatever move is not volume supported up move
4) out NR 7 - 5 are bearish candles
5) Nifty is Bearish in the short term but waiting for a breakdown wait & watch
Note
Still Nifty in Consolidation Wait & Watch Strategy till 11800 breaks better not to trade in Options high premium decay is there
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.