my premarket journal nifty 10-07-23
market likely to open flatish.
the index had taken a fall from 200 MA on 5 min time frame.
also the both call and put volume OI is highest @ 19400, with price closing around 19300, indicates that market correction is not yet over.
As per fib extension, the support levels could be 19184 and 19082.
days likely range is 19069-19511
my idea to trade would be sell below 19300 with sl @ 19330 for targets 19270/200/194/100
On call side buy above 19360 with sl @ 19330 for targets of 19499/420/450
this is my premarket journal and not an invite to trade
the index had taken a fall from 200 MA on 5 min time frame.
also the both call and put volume OI is highest @ 19400, with price closing around 19300, indicates that market correction is not yet over.
As per fib extension, the support levels could be 19184 and 19082.
days likely range is 19069-19511
my idea to trade would be sell below 19300 with sl @ 19330 for targets 19270/200/194/100
On call side buy above 19360 with sl @ 19330 for targets of 19499/420/450
this is my premarket journal and not an invite to trade
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.