will market fall./? Short

Nifty 50 IndexNSE

Description

⋅ Feb 4, 2021 3:43 PM

The level at which Nifty is right now is a:

1). very major resistance and nifty has fallen twice from this level moreover,

2). if you look at the option chain then 15000CE Has the highest OI with heavy writing,

3). 500 point CE above is having a premium of just 7, while 500 point below PE is having OI of 49,

4). There is a double top kind of formation at hourly frame.

5.) India Vix is high.

6.) There's a Gap at 50EMA Day level.

Now decide yourself. Follow me for more!

Comments

Kakerot

⋅ Feb 5, 2021 12:31 PM

today's trade confirmed very short term Tiredness of nifty near 15000, shorted today 15000 call with hedge and will sit tight this week, 14700-15000 we will spend at least this middle week, can't go on making new highs daily, budget positives now digested.

vikasvermahdi

⋅ Feb 4, 2021 6:09 PM

Are bhai laga -2 paisa laga

foodiartist

⋅ Feb 4, 2021 5:44 PM

Perfectly mentioned