NIFTY 10-09-2024 - Caution! OVERSOLD ZONE on monthly Chart
PRE-OPEN 24999.50 - REVERSAL SIGNATURE MOVE
SPOT 24920 DOWNTREND
SUPPORT AND RESISTANCE ARE OF OI today.
SUPPORT 25000 S2 24900 S3 24800 S4 24600 DOWNSIDE
RESISTANCE 25000 R2- 25100 R3 - 24950 NOT STATIC
Assertions 24900 should act as a STRONG support but will not able to hold for long if OI on the lower strike prices move move further downwards.
PUTS FROM EVERY TOPS SUGGESTED.
CHECK OUT MONTHLY CHART ALSO SUGGESTED.
SPOT 24920 DOWNTREND
SUPPORT AND RESISTANCE ARE OF OI today.
SUPPORT 25000 S2 24900 S3 24800 S4 24600 DOWNSIDE
RESISTANCE 25000 R2- 25100 R3 - 24950 NOT STATIC
Assertions 24900 should act as a STRONG support but will not able to hold for long if OI on the lower strike prices move move further downwards.
PUTS FROM EVERY TOPS SUGGESTED.
CHECK OUT MONTHLY CHART ALSO SUGGESTED.
Note
tops formed...MONTHLY RSI COMES TO 95.61. Market to close at 25050 around
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