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Optionstrading

Nifty Analysis for 11th NovNSE:NIFTY ⏺ 4/1 Hourly - Up move if channel break occurs. ⏺ 15/5 min - watch closely as it will be trading in a channel (18000-18055) ✅ Support - 17960, 17850 ❌ Resistance - 18090 (1,3,5) 📈 Trend? - Rangebound, but if support or resistance broken, rally to that side is very much likely. (what this basically means is that you should avoid treading against the trend *whatever it may be* as it will not give you much points) ↕ Market movement - 250-300 pt ❗❗ Watch out for : --> Rangebound market. If possible, take trade only after either support or resistance is broken with good volume . --> As said yesterday, if 18090 is broken and sustained above 18100, than rally to 18300 can be seen. --> Rangebound market will eat your premium if you are a buyer. --> waiting for retracement is always better than diving in. --> wait for a candle to close before deciding that it is a confirmatory candle.
NSE:NIFTY
by Pranav_Kaneria