Nifty Close above the previous days close....low was tested again...7933....8022 will be the crucial level again ....a close above that nifty can test the upper targets of 8242 where as if it struggles to move above 8022 then one can go sort with SL of 8055 for targets 7975-7933 further targets are 7889-7860-7825
https://www.mql5.com/en/charts/3572760/nifty-s-d1-starline-solution-ltd
https://www.mql5.com/en/charts/3572760/nifty-s-d1-starline-solution-ltd
SAR Applicable for Nifty is 8145
IF nifty close above 8145 on closing Basis reverse you position and Go long
OI Zone is showing 7800 -8500 Range
Dont understand why Bears shifterd that to 8500..Overall the sentiments are Bearish and charts also depeciting the same. So Go short at every rise......SL 8145....Rise means if you get 8089-8125 on closing basis Go for targets 7933 and lower targets SL 8144 strictly....If anybody wants to take risk they can take this SL on closing basis level.....That means any close above this level on should Go long with SL 8122
excellent 7885 i strongly believe to be bottom
ReplyDeleteOI analysis the range seems to be 7900 to 8500.......I feel nifty has potential to move up as the IVs of calls are very low and the calls are cheaper as compared to Puts....so for few days nifty will be kept up so that the IVs of puts are reduced to over 15 range....Its just an assumption..So might be Big money will try to add calls and they will trigger the hope of 8800 so that people will buy calls.....Strong resistance could be 8489-8525 zone.......but yes now straight away if nifty close below 8344 on monday then best is to initiate short if nifty close below 8344 or else go for target 8444-8466-8489 further 8525-8544....Below targets everyone knows close below 8344 and 8325 targets are 8277-8244-8225 further 8171 8144-8125-8080-8044....Plan is must for a disciplined trader...smile emoticon LEts have look at OI analysis....There are more experts in OI i am just trying to post as per Price and OI analysis
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