Verdict:
Strong Bullish
Plan of action:
Sell 20200 PE and Buy 20250 CE once Bull trend confirms after retest.
As in my last analysis we discussed, NIfty has given the breakout to bulls side it has broken the highest high. Now it’s expected to move higher HIGH. most levels have been marked on chart.
I am exxpecting it to retrace to 20200 levels and then once bulls take the charge nifty is going to touch above resistance trendline. It’s having mild Bearish deivergence. but that can be fixed during consolidation or retesting the 20200 level.
I am expecting it to retest and than move to 20500.
Reasons:
Verdict:
Strong Bullish
Plan of action:
Sell 20200 PE and Buy 20250 CE once Bull trend confirms after retest.
Verdict:
Strong Bullish
Plan of action:
Sell 20200 PE and Buy 20250 CE once Bull trend confirms after retest.
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.
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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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