NIFTY: What's NEXT? Spot & FUT important Level Weekly Basis

NSE:NIFTY   Nifty 50 Index
Some Fact:
#1. Candle Pattern: Spinning Top on the daily chart => Means that Bulls are not loosening their ground but Bears are putting pressure at higher levels.
#2. Negative Advance-Decline Ratio for the third session in a row accompanied with sell signal on twin momentum oscillators. and the fact that market registered a positive close for 7th day in a row can be a cause for concern and may be pointing towards a Correction or Temporary Ppause of the ongoing upmove,
#3. India VIX fell down by 2.88 percent at 14.14. VIX has to Cool down to extend its Positive momentum.
#4. OPTION Data: Maximum Put OI is placed at 10300 followed by 10200 strikes On the other hand Maximum Call OI is placed at 10500 followed by 10700 strikes.
#5. Tag of War: Significant Put writing at 10500 and 10400 strikes => Shifting its SUPPORT to Higher Side while intact Call writing at 10500 strikes is Restricting its UPside Momentum.

Levels plotted on chart.
Analyze my early post "NIFTY: Some Fact & View ........", what i am saying.

Trade as per Specified level with description.
FUTURE Trader Should take position with Hedge strategy.

Disclosure: Information shared here can be my view or real trades.
As i am not SEBI regd. analyst, Take this information as study/education purpose only.
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For taking trade decision Consult with financial Advisor.

N.B: View may Changed or Reversed if Major NEWS came before Monday Market Opening.


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