Publish_Date:26-Nov-17 01:30 PM
Bears be ready and wear your life jackets
Indices downside seems capped from here
This upcoming December derivative Bull run seems keeping its Foundation Stone
Bulls has strong chance to take the grip
NIFTY17DECFUT should begin with bias
Time to be in buy mode
NIFTY17DECFUT => 24Nov_Weekly_Close = 10445
Maths suggesting exit shorts and shift your focus to around 10600 level.
More precise level can be derived during market hours.
As Market Maker manipulate premium in case to go more high/low.
May be due to 30Nov as expiry week Underlying could behave sideways
but going forward NIFTY17DECFUT has strong chance of climbing into zone of
(shown by Blue dotted lines in chart)
Target 1 : 10505
Target 2 : 10580-10615
Target 3 : 10708
Statistically NIFTY17DECFUT should not close below 10350 (approx level)
(shown by Pink dotted line in chart)
Incase this idea stands false by 30November expiry,
then scrap this idea or atleast minimize your overnight carry forward positions
Means, if you do not see any buying funds creeping in and taking levels further higher
then exit from this maths idea.
This is NOT a time cycle zone, hence levels has much importance.
So probable levels and trajectory are derived on charts for your reference
For more detail explanation you may call/chat also.
Will provide levels in live markets incase numbers are playing their maths
Stay tuned for more updates during market hours:
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Kindly feel free to ask your queries in comments section on this idea to add/take any new position.
So that this idea can be refined more.
-Other Red and Green levels are for Nifty-levels-to-watch-for-27Nov2017
-This is not a Technical ananlysis.
-Idea is based on Option Chain, Option Greeks and Open Interest methodology.
Please keep on booking profits.