Do not consider Budjet Out come Sell ( Nifty)

NSE:NIFTY   Nifty 50 Index
Monthly Basis

* Nifty Made Bearish Candle on Monthly basis
* Nifty has Monthly Low 11832
* Nifty Reverse from the Upward Bearish trendline

Weekly Basis

* Made bearish Candle Weekly Open 12197 and High 12216 and close 11945 ( It shows that for the Entire week Nity face strong selling)
* RSI in falling side (53.94)
* Macd showing indication of Negative
* There is one average will might be little support for NIfty is 11936 (20 EMA of week)

Daily Basis

* 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 Bearish Candle
- 2 Treading Session there are 2 Bullish 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 DEMA which is at 11904

Indicators :

* RSI below 50 which is at 40
* Signal Line is Below MACD Line.
* ATR Moving Up.

So it is Bearish

Hourly Basis

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
Trade active: What i said what ever out come sell sell sell


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