As per retracement aggressive trader can sell Nifty 11729-1178
Monthly Basis
• Monthly candle is totally Negative from last two candle
• Now consider the Huge Resistance is 12017 for Feb Series
Weekly Chart.
• Weekly Candle full body bearish candle ( Means Open and High almost same and close Near the Low)
• RSI Below 50
• MACD (Trendline crossing MADC Line)
• ATR on Upword range
• So all Indicator in Weekly are bearish
• Most and considerable thing is on Weekly basis Nifty reverse by confirming downward trendline as well as Head and Solder pattern in Daily chart
Daily basis
• Nifty tried to cross 12050 but fail with huge volume
• Broke Important support 11929 and 11823
• Made full bearish reversal candle and close below the 100 DEMA
• RSI- MACD and ATR showing proper Negative sign
Horuly
• As per retracement aggressive trader can sell Nifty 11729-11784 stop loss 11872
Call PUT:
From 11700 to 11900 Total Call 29 Lakh OI
From 11650 to 11450 total PUT 29.80 Lakh OI
But Important thing is
On Uppper side today Net 32 Lakh call were added in Nifty
• Monthly candle is totally Negative from last two candle
• Now consider the Huge Resistance is 12017 for Feb Series
Weekly Chart.
• Weekly Candle full body bearish candle ( Means Open and High almost same and close Near the Low)
• RSI Below 50
• MACD (Trendline crossing MADC Line)
• ATR on Upword range
• So all Indicator in Weekly are bearish
• Most and considerable thing is on Weekly basis Nifty reverse by confirming downward trendline as well as Head and Solder pattern in Daily chart
Daily basis
• Nifty tried to cross 12050 but fail with huge volume
• Broke Important support 11929 and 11823
• Made full bearish reversal candle and close below the 100 DEMA
• RSI- MACD and ATR showing proper Negative sign
Horuly
• As per retracement aggressive trader can sell Nifty 11729-11784 stop loss 11872
Call PUT:
From 11700 to 11900 Total Call 29 Lakh OI
From 11650 to 11450 total PUT 29.80 Lakh OI
But Important thing is
On Uppper side today Net 32 Lakh call were added in Nifty