Nifty - Friday
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I've marked the zones.
Long in Green Zone with the resistances as targets
Short in Red Zone with the supports as targets.
We'll have to see whether Nifty will continue trending up or take a pause before resuming uptrend.
17887 level - Only 1 Weekly Candle (of the 42) closed above this level in 2022. I'm curious to see where this week's candle closes - and this might actually decide future course.
FED Impact - today's nifty moves are subdued mostly due to the expiry. Japan will open tomorrow after a holiday, and it's movement may indicate Nifty's movement tomorrow.
Please note this is neither a recommendation or a prediction.
Good luck. Try to keep a stop loss.
Long in Green Zone with the resistances as targets
Short in Red Zone with the supports as targets.
We'll have to see whether Nifty will continue trending up or take a pause before resuming uptrend.
17887 level - Only 1 Weekly Candle (of the 42) closed above this level in 2022. I'm curious to see where this week's candle closes - and this might actually decide future course.
FED Impact - today's nifty moves are subdued mostly due to the expiry. Japan will open tomorrow after a holiday, and it's movement may indicate Nifty's movement tomorrow.
Please note this is neither a recommendation or a prediction.
Good luck. Try to keep a stop loss.
Nota
(neither - nor)neither a recommendation nor a prediction
Nota
Nifty inside grey zone for most of the day.Meanwhile Japan is down, and nifty is expected to follow suit..
Nota
Nifty inside grey zone for most of the day.Meanwhile, Japan is down. And nifty is expected to follow suit.. but taking sweet time.
Nota
1. Huge amount of 18000 puts sold - means bullish bias (as long as they don't start panic selling)and
2. PCR went below 1 today (can be considered bearish bias)
I say nifty's particularly acting coy..bt i've been wrong earlier
Nota
The set up was ok, but I was too bearish today to see clearly.Something for next week - PCR is below 1, even though Nifty trended up
why weren't puts sold in crazy quantities if they were sure of Nifty trending up?
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