1) 1D & 1H Chart high possibility of forming M Pattern
2) < 11640 look for bearish/selling positions
3) Big money is still in bearish positions under derivatives
4) Last time elections also happened same before market went up after that there is a huge fall
5) Infosys has some -Ve news which is NIFTY top 5 heavyweight cmpny we may see huge fall in it so market also may fall
In INFY it seems news is already leaked i.e., why if u see Option chain data already there is heavy selling in call side 820,800,780
6) RIL +ve results so profit booking may happen(then INFY RIL will contribute more in the down side) if RIL went upside then INFY & RIL moves get neutralized
7) last week up move is just becoz of Index management, move is not volume supported move so move without volumes may not sustain longer period
BIG money took put long position @ 11600 & 11500 levels
2) < 11640 look for bearish/selling positions
3) Big money is still in bearish positions under derivatives
4) Last time elections also happened same before market went up after that there is a huge fall
5) Infosys has some -Ve news which is NIFTY top 5 heavyweight cmpny we may see huge fall in it so market also may fall
In INFY it seems news is already leaked i.e., why if u see Option chain data already there is heavy selling in call side 820,800,780
6) RIL +ve results so profit booking may happen(then INFY RIL will contribute more in the down side) if RIL went upside then INFY & RIL moves get neutralized
7) last week up move is just becoz of Index management, move is not volume supported move so move without volumes may not sustain longer period
BIG money took put long position @ 11600 & 11500 levels
Comment:
Target 1 Completed
Comment:
1st half of movie completed
2nd Half need to wait for action
market tomorrow may go till 11620/30 if any rejection there 11520 can be touched
or in opening itself gap down then 11480 can be touched
Big money still holding their PUT Long positions in derivatives & selling in cash as weill
now both FII & DII sold 1542 Cr which is big bearish sign
2nd Half need to wait for action
market tomorrow may go till 11620/30 if any rejection there 11520 can be touched
or in opening itself gap down then 11480 can be touched
Big money still holding their PUT Long positions in derivatives & selling in cash as weill
now both FII & DII sold 1542 Cr which is big bearish sign
Comment:
In 1 Day chart
Bearish Exaggerated Divergence formed with M pattern confirming
if tomorrow 11550 is broken which is low of 18th October then its double confirmed
in short term M pattern going to complete
Bearish Exaggerated Divergence formed with M pattern confirming
if tomorrow 11550 is broken which is low of 18th October then its double confirmed
in short term M pattern going to complete
Trade closed: target reached:
Target 2 Completed