Nifty is bullish as we have been discussing it for past week. Nifty has shown a very nice momentum pullback from 19250.
Last time when Nifty gave a breakout could not servive, but this time it's having a nice OI support. The only major resistance to the upside is 19600.
Reason for bullishness:
PCR: 1.25 | Nice Breakout | RSI > 60 (Increasing ) | Break of 200 EMA with power
Verdict: GO Bullish
Buy CE 19400 and sell 19300 PE
Last time when Nifty gave a breakout could not servive, but this time it's having a nice OI support. The only major resistance to the upside is 19600.
Reason for bullishness:
PCR: 1.25 | Nice Breakout | RSI > 60 (Increasing ) | Break of 200 EMA with power
Verdict: GO Bullish
Buy CE 19400 and sell 19300 PE
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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.
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.