Nifty Review & Analysis - Daily
Price Action :
Nifty saw huge selling at the opening with huge Resistance at 24200 levels, to find some support around 24000 closing at almost lowest point of the day to close at -0.7% for the day and slightly in positive for the week. Nifty closed above 20daily EMA but below 20 wkly EMA. Price action looks neutral until takes out 24200 decisively or closes below 23600.
Trend:
Nifty was in down trend from the opening.
Options Data:
24200-24100-24000 Calls saw addition of Open Interest showing immediate Resistance. Options data suggests Support around 23700 levels. Need a closing above 24200 for further upmove to continue
Futures Data:
FII Long/Short ratio was at 17.5% last trading session.
Nifty Futures closed negatively with addition in Open Interest suggesting bearishness to continue in immediate short term.
Outlook for Next Session:
Nifty is slight Bearish.Need to see if buying emerges around dips of 23800 levels for further direction.
Positons:
Wait for a pullback above 24200 or bounce from 23800 or breakdown below 23700 to take any further positions.
Nifty saw huge selling at the opening with huge Resistance at 24200 levels, to find some support around 24000 closing at almost lowest point of the day to close at -0.7% for the day and slightly in positive for the week. Nifty closed above 20daily EMA but below 20 wkly EMA. Price action looks neutral until takes out 24200 decisively or closes below 23600.
Trend:
Nifty was in down trend from the opening.
Options Data:
24200-24100-24000 Calls saw addition of Open Interest showing immediate Resistance. Options data suggests Support around 23700 levels. Need a closing above 24200 for further upmove to continue
Futures Data:
FII Long/Short ratio was at 17.5% last trading session.
Nifty Futures closed negatively with addition in Open Interest suggesting bearishness to continue in immediate short term.
Outlook for Next Session:
Nifty is slight Bearish.Need to see if buying emerges around dips of 23800 levels for further direction.
Positons:
Wait for a pullback above 24200 or bounce from 23800 or breakdown below 23700 to take any further positions.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.