Verdict:
Today is Expiry play safe.
GO Bullish view with option Selling.
Plan of Actoin:
Sell 19550 PE and Buy 19550 CE
As we have been discussing Nifty Analysis posts NIFTY continious to it’s bullish trend.
Yesterday also it consolidated nicely and in last hour bulls came with the huge volume and took the market up and closed Higher.
As market Strong rresistance has already broken. So, It should act as a nice support here onwards.
our view will be Bullish only for today.
Reason:
1. Succesful breakout of the Strong resistance
2. RSI is in Bullish reason and showing good strength.
3. Tripple Bottom shows nice comeback from 19250. shows hard bullishness with nice volume from bulls in last hour.
4. SGX Nifty is opening sideways means look for the initally 15 min trend and you can get into the position.
5. PCR = 1.25
Verdict:
Today is Expiry play safe.
GO Bullish view with option Selling.
Plan of Actoin:
Sell 19550 PE and Buy 19550 CE
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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