NIFTY
market is clearly showing buy on dip structure
data shows FIIs are long on index and clients are short on index as of today.
out total FII index contracts, 57% is on the long side which was 46% yesterday.
looking at the option chain 15100 straddle is build in the market; hence expecting a move in between 14900-15300 till expiry. (15100 still has lot of call writting and put writing ).
important Levels for me are marked on the chart.
European markets fell today but took an important support towards the end.
american markets are trading almost flat.
Sgx nifty currently trading flat.
This is purely my personal view on the market trade as per your risk to reward