If NIFTY sustain above 24654 above this bullish then 24686 to 24706 then 24718/28 then 24744/54 then 24822/33 then 24853/65 strong level above this more bullish then around 25034 then wait
If NIFTY sustain below 24654 below this bearish then 24622/02 then 24580/60 last hope below this wait
My view :-
My analysis is for your study and analysis only, also consider my analysis could be wrong and to safegaurd the trade risk management is must,
As mentioned in my 8th sept analysis that profit booking may come after 16th sept expiry and as you can see it has given a good correction. Friday was supposed to be buy on dip however the globel news caused panic selling.
FII's are close to the finical year end we may see some short covering and can expect some bounce but not sure if it can sustain.
It's possible that market may try to cover the fridays expected movement also, will get some hits from opening price and also the OI change in next week expiry during live market so keep an watch on this.
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
If NIFTY sustain below 24654 below this bearish then 24622/02 then 24580/60 last hope below this wait
My view :-
My analysis is for your study and analysis only, also consider my analysis could be wrong and to safegaurd the trade risk management is must,
As mentioned in my 8th sept analysis that profit booking may come after 16th sept expiry and as you can see it has given a good correction. Friday was supposed to be buy on dip however the globel news caused panic selling.
FII's are close to the finical year end we may see some short covering and can expect some bounce but not sure if it can sustain.
It's possible that market may try to cover the fridays expected movement also, will get some hits from opening price and also the OI change in next week expiry during live market so keep an watch on this.
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.