Nifty 22402 - Is trading in bearish ascending wedge pattern. Resistance at 22520 and support at 22395. OI data has decreased from 1.21cr to 92 Lacs suggests retail short sellers exiting. Max pain is around 22475.
Comment:
Live Resistance around 22435.
Comment:
trade entered - nifty may 2nd 22500pe @ 149 at 10:13 @ 22438
Comment:
trad closed " nifty 22500 pe @187 @22357 at 10:57
Comment:
Trade active:
trade entered - nifty may 2nd 22450pe @ 147 at 12:53@ 22406
Trade closed: stop reached:
Stop Hit. Exited at 107