Volatile start for the week!
Gap up- downward trend in the first half - closing in positive.
Currently, we can see a symmetrical triangle and breakout/down can happen, with the immediate range of 16587 and 16373.
21 and 55ema are also closing in.
Option buyers should stick to buying ATM strikes and should maintain tight SL
Probably this post for Nifty is the most delayed chart I ever posted as its usually around 9 am for Me, to post it out ! Just held up with few other things...Back to analysis !
We said ranging Nifty for few days within 9960's to 9700's & yes that theory holds well & good till Now. I was keen on showing a Gartley for you but it will be post-mortem, bcos the moves...
Nifty analysis is over before we begin to start, yes true. The expectations and scenarios for the day are given in chart itself and it opened right at trendline. Lets move to something interesting..." What we made during September ? ".
You guys know I did same for last part of August month, For September I consolidated details on Saturday itself but I was...