Verdict:
Consolidation in the rising wedge.
Plan of action:
Sell 20200 CE and SELL 19950 PE
As discussed in our last posts, NIFTY is consolidating in the ascending triangle or Rising wedge, a natural pattern. By looking at the pattern formation, It seems the preparation of the upcoming pullback to the downside.
Reasons:
Verdict:
Consolidation in the rising wedge.
Plan of action:
Sell 20200 CE and SELL 19950 PE
Disclaimer:
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