Nifty daily analysis for 13/10/23.
What a weekly expiry this has been?
Nifty on the weekly expiry remained a 50-60 points range and closed 19 points lower.
On the hourly charts, the market remained in the first hour candle and closed above both the moving averages.
Today expiry was for option seller and total time decay was the gain as there was no opportunity for the option buyer.
On 15 minutes charts, it traded around the 20 ema and closed just below the levels.
Support :- 19770, 19720
Resistance :- 19840, 19900
Wait for the price action near the levels before entering the market.
Nifty on the weekly expiry remained a 50-60 points range and closed 19 points lower.
On the hourly charts, the market remained in the first hour candle and closed above both the moving averages.
Today expiry was for option seller and total time decay was the gain as there was no opportunity for the option buyer.
On 15 minutes charts, it traded around the 20 ema and closed just below the levels.
Support :- 19770, 19720
Resistance :- 19840, 19900
Wait for the price action near the levels before entering the market.
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