After the initial fall and testing levels if 17100, market worked sideways and closed at 17150. going by OI data the expiry should be around 17000-17200 range and hence we could see a similiar market on 23/3/23 also. till market crosses and closes above 17350, the trend is bearish and hence sell on rise is way to go.
Unless FED brings up some surprises, the market should have a flat opening and remain range bound. any rate hike less than 0.5 will be positive and above 0.5 will be negative as 0.5 rate hike is most likely discounted by markets.
levels to watch out for will be 17100 17150, 17200.
Unless FED brings up some surprises, the market should have a flat opening and remain range bound. any rate hike less than 0.5 will be positive and above 0.5 will be negative as 0.5 rate hike is most likely discounted by markets.
levels to watch out for will be 17100 17150, 17200.