As per the analysis of the November series expiry of Nifty futures. Level 17588 is a strong resistance for NIFTY Index. Fresh buying on closing above 17588(DCB) with 17588 as stop loss for long positions.
As long as Nifty future is holding above 17863 on daily closing/settlement basis. One can hold long positions in far month call options/futures(Jan 2022 expiry). Heavy long winding expected on closing below 17863(DCB).
Note. This is just my personal view and not to be considered as a trade recommendation. Kindly do your own analysis before entering any trade.
On expiration of 30th September contracts of nifty futures and as per the analysis of data points, 17853 is a strong resistance. View negated on closing above 17853(EOD).
This is not an investment advice analysis is just for educational purpose only.
Tesla Motors is already oversold in February. Swing trade setup buy at current levels 650-725, stop loss as per your risk profile for targets 777/829. Less risky traders can buy March 05 700 call option.