LT is on support spot price . If we see option chain then it is visible that unwiding started on CE side .
small long trade can be initiated on sustainable of above 1307 for target of 1330
mid term long trade can be initiate on sustainable basis of above 1330 for target 1410
Red mark box will work as consolidation phase.
Kotak very good for tracking . It is on border to enter again box which was consolidation phase earlier .
Red mark box had equal fight better bear and bull strength if we look volume .
on 15 M and 1 Hour look like bull has chance to come based on technical side. however on option chain we need see how 1700 CE behave in coming days.
ICICI bank on one hour chart supply zone created and it is near to 550 CE where highest OI available .
On Weekly and Monthly time frame ICICI bank look very strong .
It may come till 543 to provide adjustment of 550 CE in next week and need to track 550 very closely on Monday if it open above 550
HDFC on one hour chart look good for tracking .
On time frame Day+Weekly look super good.
On weekly time frame time HDFC has inside price action movement .
On hour chart it is has ascending triangular which give probability of up bull side trade.
Good watch how 2460 get brake
Reliance has fillied gap and created inside price action . Monday need to see 1509 and 1553 break.
Long above 1553
Short below 1509
In option chain need to see how 1540 and 1520 SP behave in coming days .
1600 achievable if defend 1540 . if not then 1500 easy for bear.