RSI divergences on different period charts was confirming this for some time. Much anticipated correction has initiated, now the question arises how far it can go.
10833 and 10780 are important levels, I don't think it can go below these levels in this bull run.
Reading option chain data, does help in understanding immediate resistance and support levels of markets. You may access bit.ly/NiftyOptionsOI for live charts of Nifty Options Open Interest.
I recommend hedged positions / low risk strategies to my friends who are new to stock market trading, feel free to write to me thru direct messages, if you are interested in such zero or ultra low risk strategies.
This post or idea does not encourage speculative trading using derivative products, do consult your financial consultants before taking any positions.
@i2gain
10833 and 10780 are important levels, I don't think it can go below these levels in this bull run.
Reading option chain data, does help in understanding immediate resistance and support levels of markets. You may access bit.ly/NiftyOptionsOI for live charts of Nifty Options Open Interest.
I recommend hedged positions / low risk strategies to my friends who are new to stock market trading, feel free to write to me thru direct messages, if you are interested in such zero or ultra low risk strategies.
This post or idea does not encourage speculative trading using derivative products, do consult your financial consultants before taking any positions.
@i2gain