HOW TO TRADE IN NIFTY on 12Apr2021
Nifty is making a bearish kicker according to which market will show a downfall, but I am personally expecting a pull back to bullish side today as there is global positive sentiment, but end of the day Nifty will be bearish.
behind the scenes:
FII SOLD 1746CR DII BOUGHT 232CR.
EUROPEAN MARKET shows NEUTRAL sentiments.
SGX nifty is NEUTRAL at the time of review
Advance to decline ratio is around 227:1780 in Nifty50
US market data is NEUTRAL
Australia, Hong Kong, Japan, Brazil is showing a positive trend
Crude oil is trading at $59.94 which is positive
Gold is trading at 1735 with negative view
US 10yr bond is positive at 1.684
Dollar index is positive 92.218
OI For Nifty for the lower side are 14,300/ 14,200/ 14,000
OI for nifty on the upper side are 14,500/ 14,600/ 14,700/ 14,800
Maximum OI at 15,000
Max pain at 14450
what to expect:
Market may show a flat then down trend
how to trade today:
1. Gap up opening
first possible resistance 14354
second 14472
third 14647
fourth 14742
2. Gap down
first possible resistance 14240
second 14128
third 13966
fourth 13755
3.flat opening
14354 is a crucial level to watch
This is an educational analysis no call is related to it.
Nifty is making a bearish kicker according to which market will show a downfall, but I am personally expecting a pull back to bullish side today as there is global positive sentiment, but end of the day Nifty will be bearish.
behind the scenes:
FII SOLD 1746CR DII BOUGHT 232CR.
EUROPEAN MARKET shows NEUTRAL sentiments.
SGX nifty is NEUTRAL at the time of review
Advance to decline ratio is around 227:1780 in Nifty50
US market data is NEUTRAL
Australia, Hong Kong, Japan, Brazil is showing a positive trend
Crude oil is trading at $59.94 which is positive
Gold is trading at 1735 with negative view
US 10yr bond is positive at 1.684
Dollar index is positive 92.218
OI For Nifty for the lower side are 14,300/ 14,200/ 14,000
OI for nifty on the upper side are 14,500/ 14,600/ 14,700/ 14,800
Maximum OI at 15,000
Max pain at 14450
what to expect:
Market may show a flat then down trend
how to trade today:
1. Gap up opening
first possible resistance 14354
second 14472
third 14647
fourth 14742
2. Gap down
first possible resistance 14240
second 14128
third 13966
fourth 13755
3.flat opening
14354 is a crucial level to watch
This is an educational analysis no call is related to it.