In this video, we have examined the chart of Nifty 50 and also matched the levels of Support & Resistance according to the OI Data with futures chart. Traders are advised to kept in mind the levels suggested in the tutorial and trade accordingly. As the index is near the support and also in the oversold territory. So, whenever we see positive momentum in the rupee, it can surprise you with a good bounce. I will advise not to take any call at this stage and would like to see whether it will take support around these levels or not. Coming event of RBI policy can also attract the traders for a bounce, so be wise and do not short Nifty at these levels till the SR levels breaches by it as explained in the tutorial.
Comment:
Still more downside seen in Nifty as USDINR showing strength and at the top of the closing of Equity market.
Comment:
USDINR Futures are on premium..... amazing
Trade active:
Traders who showed strength yesterday will never forget this festive rally, the proverb of the market again comes true "Buy on support & Sell on Resistance".