Verdict: Neutral
Plan of action: Wait for nifty to break rectangle inside rectangle go only for selling NO OPTION BUYING.
NIFTY is moving in the rectangle Pattern which shows the higher HIGH and higher LOW.
on Friday market opened HIGH on the price-action resistance but could not break it to upside it consolidated whole day in a small range a bad day for option buyers. if NIFTY could break the resistance to upside then it can give a potential move for buyers.
Nifty seems neutral so far.
Reasons:
Verdict: Neutral
Plan of action: Wait for nifty to break rectangle inside rectangle go only for selling NO OPTION BUYING.
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