Nifty almost touched the 20k levels today and has closed near the high. Market are running higher and Bulls are taking on the sellers making it difficult for the option sellers today.
On the hourly charts, the first candle was in red and after that whole day the market rallied upside.
The breakout gave a good target and option premium gained more than 200%...
Nifty will be gap down opening in today's session. After opening nifty sustain above 17070 level and then possible upside rally upto 17150+ in today's session. in case nifty trade below 17040 level then short target can go up to 16960 level.
Nifty will be highly gap down opening in today's session. Expected opening above 17450 level and 17450 to 17500 level is the consolidation range and if nifty break 17500 level this level then possible upside rally upto 17700+ in today's session. in case nifty trade below 17450 level then short target can go up to 17250 - level.
Today's will be gap up opening in Nifty . After opening if nifty sustain above 17380 level then go upto 17520+ level. In case nifty trade below 17340 level then possible downside rally 100-200 points.
Market is in bullish Trend but Market need correction & same happened 2 days back, Now if market opens on downside wait for BO for any level & sustained 15 min hen take trade but do watch OI & volume for comfirmation.
