A recovery is likely if the nifty stays above 17800, the day's low. On the higher end 18150 will act as resistance.
Nifty has formed a small bodied bearish candle on with long upper and lower shadow on the daily time frame, indicating the tug of war between the bulls and the brears. As long as nifty holds 17850-17900 levels, consolidation will continue in the coming session, with resistance at 18100-18200.
The data indicates that 18000 will be the crucial level to watch in the coming session, with support at 17800 strike and the resistance 18100 strike because most of call and put open interest was reflected in 18000 strike.
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Thankyou.
Nifty has formed a small bodied bearish candle on with long upper and lower shadow on the daily time frame, indicating the tug of war between the bulls and the brears. As long as nifty holds 17850-17900 levels, consolidation will continue in the coming session, with resistance at 18100-18200.
The data indicates that 18000 will be the crucial level to watch in the coming session, with support at 17800 strike and the resistance 18100 strike because most of call and put open interest was reflected in 18000 strike.
If you like my analyse please like,follow and comment.
Thankyou.
Rahul Pal (TV, Moderator)
Telegram: spf.bio/c1lkb
Site: realbullstrading.com
77% Accuracy Signals: wa.me/919560602464
Recommended Broker 👉 tinyurl.com/tradewithrahul
(Open & get my Option Writing & swing Guide–FREE)
Telegram: spf.bio/c1lkb
Site: realbullstrading.com
77% Accuracy Signals: wa.me/919560602464
Recommended Broker 👉 tinyurl.com/tradewithrahul
(Open & get my Option Writing & swing Guide–FREE)
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.
Rahul Pal (TV, Moderator)
Telegram: spf.bio/c1lkb
Site: realbullstrading.com
77% Accuracy Signals: wa.me/919560602464
Recommended Broker 👉 tinyurl.com/tradewithrahul
(Open & get my Option Writing & swing Guide–FREE)
Telegram: spf.bio/c1lkb
Site: realbullstrading.com
77% Accuracy Signals: wa.me/919560602464
Recommended Broker 👉 tinyurl.com/tradewithrahul
(Open & get my Option Writing & swing Guide–FREE)
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.