Verdict:
Market is bullish if opens high wait for to buy low.
Plan:
Sell Nifty 19500 PE and Buy nifty 19600 CE
NIFTY Has given the breakout as we have discussed it earlier only.
yesterday we said it will take a minar pull back to downside and just after that market bounced back from the pull.
It shows the bulls are in power. Traders are targeting buying low Points.
As we can see on charts Nifty has crossed all hurdles of resistance. Now it might give a nice bull rally.
Reason:
1. RSI is in Bullish reason and showing good strength.
2. Tripple Bottom shows nice comeback from 19250. shows hard bullishness
3. Tripple bottom neck line break out is about to happen. it will happen today and you can go buying options.
4. SGX Nifty alreasy showing nice opening strength today.
5. PCR = 1.34
6. FII Data showiing bullishness.
Verdict:
Market is bullish if opens high wait for to buy low.
Plan:
Sell Nifty 19500 PE and Buy nifty 19600 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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