Mantubora

NIFTY SHOWING BULLISH HAMMER 16/04/2021

Long
NSE:NIFTY   Nifty 50 Index
HOW TO TRADE IN NIFTY .

Nifty is making a bullish candle but as corona cases are increasing. Be cautious the market is volatile.

behind the scenes:
FII BOUGHT 979CR DII SOLD 526CR.
EUROPEAN markets are positive
SGX nifty is trading sideways at the time of review
Advance to decline ratio is around 755:1159 in Nifty50
US market data is bullish
Crude oil is trading at $63.36 bullish
Gold is trading at 1762 with bullish view
US 10yr bond is flat at 1.576
Dollar index is also flat 91.76
OI For Nifty for the lower side are 14,500/ 14,400/ 14,300
OI for nifty on the upper side are 14,700/ 14,800/ 14,900
Maximum OI at 15,000
Max pain at 14500
market price 14600


what to expect:
Market may show a bull run if crossed 14700
how to trade today:
1. Gap up opening
first possible resistance 14643
second 14700
third 14728


2. Gap down
first possible resistance 14517
second 14466
third 14426
fourth 14352

3.flat opening
14643 is a crucial level to watch

This is an educational analysis no call is related to it