Sentiment Analysis
1. Today FII selling was lowest
2. Market was holding the gap up for two days
3. Most of the call buildup are shifted from 1700 to 17200
From the Price action....if the first 5 min candle is green tomorrow market will be bullish till 17200
Further price action after 1.30 pm at 17200 will suggest the expiry if FII will come and start selling
If market gapped down....price has a long distance to cover till 16450...
1. Today FII selling was lowest
2. Market was holding the gap up for two days
3. Most of the call buildup are shifted from 1700 to 17200
From the Price action....if the first 5 min candle is green tomorrow market will be bullish till 17200
Further price action after 1.30 pm at 17200 will suggest the expiry if FII will come and start selling
If market gapped down....price has a long distance to cover till 16450...
Trade closed: target reached