Nifty important level for tomorrow.
Will be updating trend and my trades in comments as market data is changing too fast.
But mostly I am bearish on on the market.
So stay tune and will update everything.
Nifty or we can say whole market was seen range bound for last two days (although some movement can be seen at around 2 PM IST), expecting same for tomorrow as well.
Today high 11460 will act as a prominent resistance for nifty.
More downside can be expected below 11400 and it will act as a make or break level. Also 11359 can be seen as the support level from...
Today we saw a almost range bound market. Nifty tried to open high but then dropped to lower levels. After that it become range bound.This was not the market to trade that's why I commented in morning to stay focus on stocks and particularly we can sell "Reliance".
Also we have seen positive opening for global market as well.
In OI particularly we can see heavy...
Global markets are up so expecting nifty to open 40-50 point gapup but after that it will face a sell off from higher level.
On friday we have seen massive call writing at 11200 levels that will act as higher resistance for the nifty.
Also some put writting can be seen at 11000 level nifty will take resistance their.
PCR have decreaased by around -15.99% which...
We have heavy call addition at 11350 and small put addition at 11300 which sum up to heavy call at 11350 which will act as resistance for tomorrow and 11300 will be make or break level.
Important level for tomorrow will be
Personally my view will be little bearish for tomorrow and will :
Intraday : sell nifty future near 11350 level...
Nifty on 12 Aug 2020 was overall bearish. I think it will be remaining bullish tomorrow also.
Crucial Resistance are: 11000 11060 11220 11315 11380
Also PCR has increased 10.70% but significant call writing can be seen at level 11300 and 11350 levels.
Personally sold call option of 11350 (at price 33) for tomorrow expiry.
Will be selling 5 more lot of 11300 CE...
These are the support and resistance of Nifty for 12 Aug 2020.
Since PCR today has decreased -9.82% and rise in call writing is seen at 10400 level I am expecting slight bearish market tomorrow.
Personally I am holding shorts of 10500 CE(Price : 29) and 11100 PE(Price : 11)