Nifty is at SELLING sentiment however the highest O/I is seen at 11800 11900 and 12000 and down side 11700 to 11500 DOW JONES : opened 500 points gap down
Nifty and Bank Nifty both are week for a short tern. Nifty upside : 12140 if it breaks the resistance down side : 11300 once it breaks the wedge pattern Best option strategy is to HEDGE for the last expiry of the month or for the oct first expiry
short term reversal can be seen in bank nifty
Bank Nifty is trading above Fibonacci level of 0.50% which is placed at 24364, looks bullish
Bank Nifty is trading above Fibonacci level of 0.50% which is placed at 24364, looks bullish
NIfty50 is bullish only above the Fibonacci level 0.786 at 12056, since the market witnessed a decent retracement today (21/10/2020) and pulled back till Fibonacci level 0.50 at 11954 it has formed a RISING WEDGE pattern the current point can act as a trend reversal and pull the INDEX down till 11800 to 11775 Key points : 1) Nifty has formed a triple Top 2)...
NIfty50 is bullish only above the Fibonacci level 0.786 at 12056, since the market witnessed a decent retracement today (21/10/2020) and pulled back till Fibonacci level 0.50 at 11954 it has formed a RISING WEDGE pattern the current point can act as a trend reversal and pull the INDEX down till 11800 to 11775 Key points : 1) Nifty has formed a triple Top ...