vanathi

Mighty Nifty - Range bound?

NSE:NIFTY   Nifty 50 Index
On breaking 10440 priceaction will move towards 10410 and 10380. If 10440 didnt break, we will get range bound movement between 10440 to 10480.
Comment: rangebound
Comment: Therefore it is proved, price action is range bound today!
Pl tell me what about tomorrow.
My Opinion it will go to 10380 or below.
whats your advice.
Reply
True, only the call and put writers will earn through time decay.
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vanathi ShanTrader
@ShanTrader, Right :)
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Showing some signs of weakness, but there is a lot of support at that range. A lot of OI has been generated at 10400 PE over the last few days so, that will be crucial battle ground between the bulls and bears.
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vanathi ShanTrader
@ShanTrader, Let them battle, we enter at the confirmation :)
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kch bhi ho sakta hai..vaise bearish hi lag rha hai mujhe
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