Tejussharma
Short

Nifty Bearish Signals

NSE:NIFTY   Nifty 50 Index
This Study based on Fibonacci series
1. Nifty Hit 200 Ma and reversing from the Top.
2. If we Closely observe Nifty PE ratio at 27.85
In March 2020 at 17.15 and in Jan 2020 at 28.67 now in July at 27.85, Is this a sign of bearish mood?
3. Trend Line Breakout and taking support at Fibo level 0.786 - 10599 is a crucial Support if breaks more fall ahead.
4. I we observe Option Chain 'Call Writer' are more and Put Unwinding started at the level of 10600.

So Nifty Completely In Bearish Mood

Comment: Tested 10600 today again

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out