Nifty 17 Aug Analysis

NSE:NIFTY   Nifty 50 Index
Global markets are up so expecting nifty to open 40-50 point gapup but after that it will face a sell off from higher level.

On friday we have seen massive call writing at 11200 levels that will act as higher resistance for the nifty .
Also some put writting can be seen at 11000 level nifty will take resistance their.

PCR have decreaased by around -15.99% which also indicates weakness in market.

Not expecting high movement tommorow we will be seeing range between 11100 - 11200.

Personally I will be creating short position near 11190-11200 level with small SL of 11245 with a target of 11115 with R:R of 1:2.


Put additon at 11200, high chances of market going sideways. All waiting for AGR results.
also expecting fall in relaince due to AGR meeting
premarket around 78% up. i will suggest till msrket settle. This is not aleining with data. focus on Infra stocks they will be in action today
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out