Nifty analysis -- COVID - OMICRON news 2021
Updated
1) Nifty brokedown Head and shoulders pattern = correction mode is ON
2) Head height = 885 points , so support can be found at 884 points below the neckline i.e at 16900 levels - support 1
3) Possiblity of Filling gap of 27 Aug - 30 Aug at Support 1
4) Support 2 at 16150 levels which is also the 200 DMA region
2) Head height = 885 points , so support can be found at 884 points below the neckline i.e at 16900 levels - support 1
3) Possiblity of Filling gap of 27 Aug - 30 Aug at Support 1
4) Support 2 at 16150 levels which is also the 200 DMA region
Trade active
#December 9th 2021#VIX = 20
IV/7.22 = +/-2.7%
#volatility of 2.7% Up/down
#nifty50 resistance = 17600
support = 16700
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