NeelamN

Nifty Expiry Special 12 May 2021

NSE:NIFTY   Nifty 50 Index
Nifty seems to become volatile in this expiry.
14800 being the support and 14900 resistance, though major resistance is 150000.
If somehow it manages to break any of it, it may give us the direction, till then See-Saw play.
Also, global cues are negative, I may stay away with no trade.

14765 is the neckline of the Head and Shoulder pattern which can be seen forming, not completely formed though.
If it does, I may take this as a downside confirmation with targets of around 200 points down.
Those are just future expectations. Let's see. :D till then Happy Trading !!!

Comments

Madam

My view nifty 20 may option call below 14850
Reply
head and shoulder theory went right... got lucky today itself. Was expecting this on Friday though...
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