Bears has strong chance to takeover by 14Apr or 17Apr 2017
Time to be Cautious
Maths suggesting exit longs and shift your focus to .
i.e. By 14Apr or 17Apr 2017 NIFTY17APRFUT has strong chance of reversal from around 9330 level
R3 - 9330 Zone
S2 - 9250 Zone
S3 - 9180 Zone
R3 - 9330 Zone is good rollover risk reward area.
Statistically in case this idea do not start reflecting in 4 days on closing basis, then scrap this idea.
Means, in case you do not see any selling pressure creeping in coming 4 days then
exit from this maths idea.
This is NOT a time cycle zone, so levels has much importance.
So probable levels are derived on charts for your reference (Blue)
But will provide levels in live markets incase numbers are playing their maths
Note: *Other Red and Green levels are only for Nifty_levels_to_watch_for_11Apr2017
Please do Like and Follow
Please keep on booking profits.
Do not rush to take position.
Huge Volatility is expected in coming 2-3 sessions
Absolute Classic See charts
Trades screen shot posted on page
9300 calls 6 lakh Open Interest unwinding today , And 9200 put 10Lakh OI addition that clearly shows 9300 would be crossed and downside limited
Major Hurdle would be 9500 with 45 lakh OI but that too showed 3 lakh unwinding.
When nifty is at 9235 and there is 9200 put writing to the tune of 10 lakh , Will it be Retail or big players ??
and if big players are involved , very less likely market will go down , rather it will go up and if its big green candle than
9200 put premium will be thrashed.