The option expiry day is approaching and the volatility is picking up steam in NIFTY.
So far, NIFTY has reached the previous high which is a liquidity zone. However, there has
been a lack of follow through buying.
So, there could be a pullback to the 15600 level again over the next two days as the expirty
on June 24 approaches.
I will be shorting the index...
Dear traders! Infosys has been rallying strongly for more than 4 weeks now.
In the 4-hour chart, we can see a ascending price channel with multiple touch points.
Since the direction of the channel is upwards, this is known as an ascending price channel.
Price has created higher highs and lowers lows within this channel.
Currently, price is on it's way...