NIFTY detailed Prediction analysis for 2nd Nov

finnova_ Updated   
NSE:NIFTY   Nifty 50 Index
NIFTY was quite Bearish yesterday as we discussed the levels and trendlines respected quite well. A trendline is broken to downside and selling presure was more to downside, by looking of the trend yesterday nify seems bearish for this week.
  1. 200 EMA Resistance (Good Resistance) (Bearish)
  2. Price Action Resistance (Red Zone upside) (Bearish)
  3. Yesterday Heavy selling presure
  4. Price < (13,50) EMA (shows bearish)
  5. PCR = 0.68 (mild Bearish), MAX Pain = 19100
  6. RSI < 40 (Bearish)


Plan of action:
as its expiry it might be sideways. so play based on levels
Market seems to be in range of 19050 to 19150 today.


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