Nifty A volatile day, will Saffron will push up/Hand pull down
18th Dec will be an another important day for making Nifty 0.79% Directional Movement .
At current Scenario, nifty 0.79% broke the trend line and taking the support at the trend line , certainly need a followup buying to move upside. Nifty 0.79% breaking below will push the trend inside the trend line , so that index will move towards gap zone and move towards 10250. A bounce from the trend line will confirm the upwards movement towards 10405, 10450 Levels.
Stay cautious with option buying end of the day both CE and PE will loose premium.
At current Scenario, nifty 0.79% broke the trend line and taking the support at the trend line , certainly need a followup buying to move upside. Nifty 0.79% breaking below will push the trend inside the trend line , so that index will move towards gap zone and move towards 10250. A bounce from the trend line will confirm the upwards movement towards 10405, 10450 Levels.
Stay cautious with option buying end of the day both CE and PE will loose premium.
Trade active:
War of Hand with Saffron. Will see will it cross our 10405 mark on closing basis