NIFTY BEARISH BREAKOUT 07FEB22
Today nifty closed at 17,210 level.
It was an interesting closing since it broke some of imp key supports.
As since last 4 months FII"s are on heavy sell mode nifty didn't loose much max 8 % from all time high.
Since DII"s supported the market.
Today us 10yr bond yield at 1.93% at near 2019 from where it dropped below 2 %.
Expecting it to be smoothly going above 2% back in its territory.
Nifty resistance & SL for shorts 17500.
Nifty support 1 16,675
Nifty support 2 16,000
It was an interesting closing since it broke some of imp key supports.
As since last 4 months FII"s are on heavy sell mode nifty didn't loose much max 8 % from all time high.
Since DII"s supported the market.
Today us 10yr bond yield at 1.93% at near 2019 from where it dropped below 2 %.
Expecting it to be smoothly going above 2% back in its territory.
Nifty resistance & SL for shorts 17500.
Nifty support 1 16,675
Nifty support 2 16,000
Trade active:
HEAVY CALL WRITTING IN MONTHLY OPTION CHAIN.
ANY GAP UP OPENING SHOULD BE OPPORTUNITY TO SELL WITH SL OF 17500 ON CLOSING BASIS.
ANY GAP UP OPENING SHOULD BE OPPORTUNITY TO SELL WITH SL OF 17500 ON CLOSING BASIS.
Comment:
SL 17456
Trade closed: stop reached