Incoming Bearish Market For The Near Future

Nifty is supremely stretched and has made an ingulfing pattern on weekly chart. 22,500 will likely act as a strong resistance and will take some time to be breached. A subsequent lower high can trigger a steep fall up to 22,000.

Option sellers will have started selling 25,500 calls.

Option buyers should be waiting for a lower high before buying puts at likely demand areas.

Mutual fund investors...RIP.

הערה
Last week 22500 CE closed at 0. This week will have high premiums.
Candlestick Analysis

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