rohitladdha

NIFTY17JANFUT looks boring

Short
NSE:NIFTY   Nifty 50 Index
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2
NIFTY17JANFUT

NIFTY17JANFUT set to trade in narrow range between 8053-8071

Reasons:
December expiry is due
Yearly closing is due
Lots of Open Interest swaps witnessed during last 3 trading days.
Algorithmic calculations

What next?
So any meaningful breaking of these ranges will kick the new trend set.
Personally Nifty look very fragile currently
One can initiate short in underlying with Stop trigger around 8130
Comment: As expected ....
Comment: Spot Nifty reached 8073

Comments

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