NIFTY50 INTRADAY ANALYSIS:
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CPR: narrow + descending cpr :Trending.
FII: -4,110.60 SOLD
DII: 6,748.13 bought
Highest OI:
CALL OI:24400
PUT OI:24200
Resistance: 24200
Support : 24000
conclusion:
My pov:
1.market gap down almost 15 0 points, this shows clearly 24500 acts as range market .
2.we can expect 23800 in this weak and below 24300 (sbi crash).
3. market open below 24000 and can fall because of long unwinding ,only after first one we can decide or understand market , if it is taking support or resistance at 24000.
4.wait for clear idea and then trade.
psychology fact:
“Earth provides enough to satisfy every man's needs, but not every man's greed.”
― Mahatma Gandhi
Notes:
8moving average ling is blue colour.
20moving average line is green colour
50moving average line is red colour.
200moving average line is black colour.
cpr is for trend analysis.
MA line is for support and resistance.
**********************************************************************************************************************
Disclaimer:
I'm not Sebi registered so i started this as a hobby, please do your own analysis, any profit/loss you gained is not my concern. I can be wrong please do not take it seriously thank you.
**********************************************************************************************************************
----------------------------------------------------------------------------------------------------------------------
CPR: narrow + descending cpr :Trending.
FII: -4,110.60 SOLD
DII: 6,748.13 bought
Highest OI:
CALL OI:24400
PUT OI:24200
Resistance: 24200
Support : 24000
conclusion:
My pov:
1.market gap down almost 15 0 points, this shows clearly 24500 acts as range market .
2.we can expect 23800 in this weak and below 24300 (sbi crash).
3. market open below 24000 and can fall because of long unwinding ,only after first one we can decide or understand market , if it is taking support or resistance at 24000.
4.wait for clear idea and then trade.
psychology fact:
“Earth provides enough to satisfy every man's needs, but not every man's greed.”
― Mahatma Gandhi
Notes:
8moving average ling is blue colour.
20moving average line is green colour
50moving average line is red colour.
200moving average line is black colour.
cpr is for trend analysis.
MA line is for support and resistance.
**********************************************************************************************************************
Disclaimer:
I'm not Sebi registered so i started this as a hobby, please do your own analysis, any profit/loss you gained is not my concern. I can be wrong please do not take it seriously thank you.
**********************************************************************************************************************
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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.
Related publications
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.