HOW TO TRADE ON NIFTY ON EXPIRY.
Nifty is making a bull run according to MACD of daily chart frame but as we know corona cases is increasing so at the end be cautious the market may fall.
behind the scenes:
FII BOUGHT 227CR DII BOUGHT 381CR.
EUROPEAN MARKET DAX shows negative sentiments.
SGX nifty is trading positive at the time of review
Advance to decline ratio is around 1276:645 in Nifty50
US market data is flat
Crude oil is trading at $59.54
Gold is trading at 1737 with flat view
US 10yr bond is flat at 1.669
Dollar index is also flat 92.37
OI For Nifty for the lower side are 14,800/ 14,700/ 14,600/ 14,500
OI for nifty on the upper side are 14,900/ 15,000/ 15,100/ 15,200
Maximum OI at 15,000
Max pain at 14800
what to expect:
Market may show a bull run but expected to come back after forenoon.
how to trade today:
1. Gap up opening
first possible resistance 14879
second 14949
third 14997
fourth 15048
2. Gap down
first possible resistance 14762
second 14734
third 14643
fourth 14535
3.flat opening
14819 is a crucial level to watch
This is an educational analysis no call is related to it.
Nifty is making a bull run according to MACD of daily chart frame but as we know corona cases is increasing so at the end be cautious the market may fall.
behind the scenes:
FII BOUGHT 227CR DII BOUGHT 381CR.
EUROPEAN MARKET DAX shows negative sentiments.
SGX nifty is trading positive at the time of review
Advance to decline ratio is around 1276:645 in Nifty50
US market data is flat
Crude oil is trading at $59.54
Gold is trading at 1737 with flat view
US 10yr bond is flat at 1.669
Dollar index is also flat 92.37
OI For Nifty for the lower side are 14,800/ 14,700/ 14,600/ 14,500
OI for nifty on the upper side are 14,900/ 15,000/ 15,100/ 15,200
Maximum OI at 15,000
Max pain at 14800
what to expect:
Market may show a bull run but expected to come back after forenoon.
how to trade today:
1. Gap up opening
first possible resistance 14879
second 14949
third 14997
fourth 15048
2. Gap down
first possible resistance 14762
second 14734
third 14643
fourth 14535
3.flat opening
14819 is a crucial level to watch
This is an educational analysis no call is related to it.
Trade active:
2 target hit
Trade closed: target reached:
all target reached book good profit and as told the market is going to fall after forenoon and it happened today. Good to see that the concepts worked.
