Analysis Chart
Taking the lead in the sector due to Short Covering.
Levels mentioned in chart...
Weak OI Data and weaker chart SL: +!2 points wrt to where you sale
Sell only after a bearish Candle stick forms.
Please comment your views abot the same.
Interesting Counter: Close (1 hr) < 95 --> Big Downside (More Likely) Close (1 hr >100) --> Trigger Short covering (Less lIkely)
An exceptional case, lets see what happens at this counter
Weak- OI Data and @Crucial Support Short: IF Close(15 min) < 1011 TGT : 1000 SL: 1014
RISK: Trumo Tweet
Levels mentioned in Chart
Levels Mentioned in Chart
Levels Mentioned in chart
Lvels Mentioned in Chart
Sell CE above 345 (till 340 is breached) Sell PE below 325 (till 330 is breached)
Huge CE OI created on Friday in expectation of very positive OPEC outcome. Though Oil Prices are rising, things could turn around fast. If Conditions are met then a huge short covering rally wiil be seen.