A triangle pattern points to a bullish trend for NIFTY in coming days.
Will it breach 16000 CE ?
Data shows bearish -
PCR 0.6
Heavy Call Writing 15800 - 15900 gives near bearish signals
FII and DII Data points out to mixed signals
Let's wait and watch
Trend Line Broken
Strong Call Writing beyond 15700
Limited Puts
15800 // 16000 - May act as Resistance
PCR Bullish but strike prices support and resistances will be clear tomorrow
If it fails to hold 15650 Level - Downtrend may continue-expect minor corrections
Possible Trade-Sell 16000CE if downtrend continues. Hold till Monday morning.
(For education purpose...
Today's Narrow Pivot was significant for traders.
The 15 Min Candle Chart tend to signal a mildly bearish Trend and volatile expiry. Heavy built up in 15800 may trigger mildly bearish Thursday for traders
The opening and sustaining above 15800 is crucial for bullish NIFTY.
Wednesday saw a heavy call writing on 15800 strike price and NIFTY gave up to bears by...
