Nifty BO View

25 באוג׳ 2020

Today VA low and HVN low 11415 acted as support and Nifty bounced. VPOC 11434 will act as the immediate LOC in Nifty future. Breakdown below value area of 11415 will open up targets for 11377/11288/11111. Potential targets looks very fancy. Any short position traded basis this view will have the SL of 11475-11495 (as convinient). At the same time breakout above 11495 will open up higher targets upto 11543/11616/11689.

RSI(14) in 75M has gone below 60 indicating bulls losing momentum. ADX falling and has given a bearish crossover. Hence not having bullish view. Will wait for breakdown to go short. In case of a breakout will create a net credit call ratio spread on 27AUG expiry.

25 באוג׳ 2020

הערה

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