nifty 25th may (evening star pattern) complete

NSE:NIFTY   Nifty 50 Index
As predicted yesterday it formed a evening star pattern in daily time frame and closed below the previous day low. This confirms the trend reversal but buyers are still active and trying hard to push to the all time high and FII's buying is continuing.

Possibility of range bound market so go with less quantity or go for the next series(june month).

Trade with the market direction don't be bullish or bearish.

Buy above 18363(18300 CE) Target 18394,18418,18461
Sell below 18256(18300 PE) Target 18214,18181,18108, 18054

OI Data:
18300 Call writing 1.2 cr
18200 put writing 1.2 cr
we are on target 1


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