Nifty opened Gap up +90 points and soon saw profit booking, again found buying and made high of 23870 and saw sell off to 23650 levsl to close flat at 22368.
Price Action : - Bullish
Nifty closed Flat with some profit booking at highs.
Candle Pattern: - Bullish
Formed a Bearish candle, shpuld see tomorro’s candle for further direction.
Daily EMA Positioning: Bullish
10dEMA 23105
20dEMA 22926
50dEMA 23036
200dEMA 23402
EMA Trend:
Closed above 10dEma ,20dEma, 50DEMA and 200DEMA,
Daily MA suggests Buy
Hourly suggests Strong Buy
15mins Suggests Strong Buy
The momentum indicator, RSI - Relative Strength Index is above 60 now at 71.65 - Just Over Bought
Momentum gaining towards Upside
Support/Resistance Levels:
Major Support 23300-200
Immediate Support 22500
Immediate Resistance 22700
Major Resistance 23800, 24000
Trend:
Short Term Trend is Sideways Consolidation
Daily Options Activity:
Highest CE OI was at 24000 also saw OI addition at 24000. 23800, 23700 - Resistance
Highest PE OI was at 23500, with no major PE addition
PCR is 1 indicating indecisiveness
Daily Futures Activity FII + Pro F&O Data:
FII Long/Short ratio at 33%/67% indicating addition of Longs by FIIs - Bullish
Change in Futures OI:
FII Future positions saw little addition in longs +2K with shorts unchanged -Bullish
Nifty Futures price was flat with 3% OI Addition indicating Long Additions
Observation:
Nifty looks strong above 23500, saw profit booking at 23870. Might consolidate above 23500-600 for further move
Overall Trend:
Sentiment is Positive Sideways
Outlook for Next Session:
Nifty looks strong around 23600, might consolidate above 23550 before another upmove to 24000
Approach & Strategy:
Long around 23500-600 in April contract, with 23300 as SL
My Trades & Positions:
Long in 23600CE April contract
Price Action : - Bullish
Nifty closed Flat with some profit booking at highs.
Candle Pattern: - Bullish
Formed a Bearish candle, shpuld see tomorro’s candle for further direction.
Daily EMA Positioning: Bullish
10dEMA 23105
20dEMA 22926
50dEMA 23036
200dEMA 23402
EMA Trend:
Closed above 10dEma ,20dEma, 50DEMA and 200DEMA,
Daily MA suggests Buy
Hourly suggests Strong Buy
15mins Suggests Strong Buy
The momentum indicator, RSI - Relative Strength Index is above 60 now at 71.65 - Just Over Bought
Momentum gaining towards Upside
Support/Resistance Levels:
Major Support 23300-200
Immediate Support 22500
Immediate Resistance 22700
Major Resistance 23800, 24000
Trend:
Short Term Trend is Sideways Consolidation
Daily Options Activity:
Highest CE OI was at 24000 also saw OI addition at 24000. 23800, 23700 - Resistance
Highest PE OI was at 23500, with no major PE addition
PCR is 1 indicating indecisiveness
Daily Futures Activity FII + Pro F&O Data:
FII Long/Short ratio at 33%/67% indicating addition of Longs by FIIs - Bullish
Change in Futures OI:
FII Future positions saw little addition in longs +2K with shorts unchanged -Bullish
Nifty Futures price was flat with 3% OI Addition indicating Long Additions
Observation:
Nifty looks strong above 23500, saw profit booking at 23870. Might consolidate above 23500-600 for further move
Overall Trend:
Sentiment is Positive Sideways
Outlook for Next Session:
Nifty looks strong around 23600, might consolidate above 23550 before another upmove to 24000
Approach & Strategy:
Long around 23500-600 in April contract, with 23300 as SL
My Trades & Positions:
Long in 23600CE April contract
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.