Verdict:
If Breaks middle of the channel then Bearish. else play neutral.
Plan of action:
SELL 19450 CE and hold it.
As we have been discussing NIFTY is in the Channel and it has faced resistance upside and now at the moddle of the channel. if it comes to downside it will be continuing it move to downside till the lower support of the channel.
Reasons:
Verdict:
If Breaks middle of the channel then Bearish. else play neutral.
Plan of action:
SELL 19450 CE and hold it.
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.
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