Now the Nifty Index is in consolidation mode after a strong bull run. Lucky for Option sellers indeed. ( Monthly Contracts)
1) We can execute Short Straddle near the All time High resistance or near to the immediate support at 17100 to 17000 (as per OI). Risky traders can go for Positional option buying (considering theta decay).
2)As its moving in a short range...
Sensex has felled by almost 200 points from the past 1 month.
It is just moving almost in a SIDEWAYS trend.
Is this happening because of the excessive valuation of sensex ???
Acc . to RBI the valuation of SENSEX AND NIFTY are higher than expected.
Is this the cause of this SIDEWAYS/DOWNTREND ??
BTC continues to be trapped in the ongoing tussle between bulls and bears. Even after its recent breakdown to make a recent low of 28.8K, bulls showed an impressive buying strength from that level to close the last weekly candle at $34.7K, it recovered ~20% from this low. It formed an indecisive candle with a long lower wick that shows strong accumulation in the...
As of 18/5/2021
Pattern formed: Ascending triangle
Candlestick pattern formed: Bullish marubozu
Resistance level (arround 322-333 price levels) : Tested 3 times.
NOTE: Resistance level and ascending triangle pattern both broken with high volume on 18th May 2021.
RSI: Above 60
MACD: Shorl length line over long length line
Trend pattern: Sideways
A good and bullish candle . i.e, prefer a pinbar or an engulfer on 1330 lvls . will establish a buy for the IT giant INFY .... As trend is suggesting .... buy low and sell high in this sideways mkt of infy . For positional purpose : Hold on 1380 lvls to see if it breaks it, educational note : it might note break it in one go but might consolidate there with a...
Euro vs USD pair has a bearish January , fell down from 1.23 to 1.20 almost, Now the price level hit back to the resistance zone 1.218 area, This pair may starts to consolidate before it starts up...
Analysis only for education purpose
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Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
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