* Nifty Made Candle on Monthly basis
* Nifty has Monthly Low 11832
* Nifty Reverse from the Upward
* Made Candle Weekly Open 12197 and High 12216 and close 11945 ( It shows that for the Entire week Nity face strong selling)
* in falling side (53.94)
* showing indication of Negative
* There is one average will might be little support for NIfty is 11936 (20 of week)
* Little Head and Solder pattern firm on Nifty ( The First High is 12289 Second High is 12430 and Third High is 12149 and Neck Line Low is 11929)
* If 11929 will break with 1 or 2 Days closing then Nifty will decline at-least 11428 So Target Would be 11500 Ruf
* After Making Life time high 12430 Nifty has 10 Treading Session.
- 6 Treading Session There are big Candle
- 2 Treading Session there are 2 candle
- 2 Trading Session there are 2 undeceive candle
It Shows that Nifty resuming its selling after small pause and start making new low.
* Only one hope is there is 100 which is at 11904
* below 50 which is at 40
* Signal Line is Below Line.
* ATR Moving Up.
So it is
Nifty confirm its Head and solder patter breakdown it Neck line 12087
So Sell Nifty In every Rise What so ever Budjet out come do not incline to buy Just Sell
Call Put Position :
From the 11950 To 12200 Total OI = 40 lakh and New Added 33.10
From the 11950 To 11750 Put Total = 24 Lakh and New Added 10 Lakh
So compair to Put Nifty Call writing is visiable
So do not over-smart to try to buy any support but try to sell Resistance