Verdict:
Sideways momentum is expected
Plan of action:
Sell 19800 CE and sell 19650 PE
As we have been discussing Nifty Analysis posts NIFTY continious to it’s bullish trend.
Yesterday also it gave a nice bull move as we discussed in our last expiry analysis.
Market is Strong Bullish in this week. data indicate the bullish move is not yet ended.
As market Strong resistance has already broken. So, It should act as a nice support here onwards.
Our view for today’s market will be not strong bullish, also not bearish. Nifty might go upto 19850 where it might face a minar resistance.
Reason:
1. whole week bull momentum.
2. RSI is in Bullish reason and showing good strength.
3. SGX Nifty is opening near 19800.
4. PCR = 1.29
Verdict:
Sideways momentum is expected
Plan of action:
Sell 19800 CE and sell 19650 PE
Disclaimer:
The information provided in this blog post is for informational purposes only. It is not intended as financial, investment, or trading advice. The author is not a licensed financial advisor or professional.
Trading and investing in financial markets carry inherent risks, and past performance is not indicative of future results. Readers should conduct their research, consider their risk tolerance, and consult with a qualified financial advisor before making any trading or investment decisions.
The author is not responsible for any financial losses or gains that may result from actions taken based on the information presented in this blog post. All trading and investment decisions are made at the reader’s own discretion and risk.
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