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MonsterOptions
Apr 28, 2022 11:03 AM
NIFTY SYMMETRICAL TRIANGLE WITH OPTIONS TRADING STRATEGIES
NSE:NIFTY
1D
Nifty 50 Index
NSE
Description
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Apr 28, 2022 11:03 AM
Nifty
Symmetrical Triangle
After being stuck in a range this week, the Index is expected to be directional next week.
Tomorrow's Range: 17,000 - 17,300
Bullish: >17,300
Bearish: < 17,000
Long Strangles recommended for 5/5 Expiry
Comment
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Apr 29, 2022 7:23 AM
Nifty opened at upper resistance line of the symmetrical triangle.
Forward Projections:
1) IF Nifty closes above 17,380 today, Target is 17,850
(Big IF)
2) Else double-top in hourly chart comparing the 21/4 and 29/4 highs.
Target 16,800.
Trend Analysis
Chart Patterns
Gann
NIFTY
nifty50
BANKNIFTY
gannangles
optionsstrategies
niftyoptions
sharemarket
stockmarkets
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