Verdict:
Bullishness is expected

Plan of action:
Observe 15 min Candle if bullish
Sell 19350 PE

NIFTY yesterday was total bearish but in 2nd half Bulls came and took charge and all market reversed back in bullishness.
as PCR = 0.85 (Bullish) and also market is back into pattern. so its assumed that bulls will be taking control of today’s moment.

Reason:

  1. Chart is back in the pattern will full yesterday 2nd half bullish.
  2. PCR is 0.85 (Bullish)
  3. MAX pain: 19350 and 19500
  4. RSI is still in 40-60 means continiously increasing means bulls have power.

Verdict:
Bullishness is expected

Plan of action:
Observe 15 min Candle if bullish
Sell 19350 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.

Leave a Reply

Your email address will not be published. Required fields are marked *