Its GAME OF LEVELS for Nifty today. Yesterday we saw a bit of a recovery in the market from lower levels. Market today might start off positive.
OI analysis says that market might expire below 9900 for this F&O contract. So yeah, there will be noise and drama in the market until tomorrow and when it comes down to trading against the noise only one strategy works following the levels strictly.
RESISTANCE - 9948
BEARISH ZONE - 9892-9878
If Nifty closes anywhere in the Bearish zone then expect Nifty to go below 9800 soon and might retouch the 9700-9688 level.
OI analysis says that market might expire below 9900 for this F&O contract. So yeah, there will be noise and drama in the market until tomorrow and when it comes down to trading against the noise only one strategy works following the levels strictly.
RESISTANCE - 9948
BEARISH ZONE - 9892-9878
If Nifty closes anywhere in the Bearish zone then expect Nifty to go below 9800 soon and might retouch the 9700-9688 level.
Comment:
Talk about Payday! Superb!