Today, the market found support at the S4 level of the expiry pivot. Will it withstand or will the downtrend resume?
The day's option chain (expiry 08-08-2024) suggests a bleak outlook, hinting at a potential further decline.
snapshot
However, the last 30 minutes have shown signs of recovery.
snapshot
If global cues stabilize, there's a chance for recovery from the oversold territory.
NB: The tables are hard coded and not part of any script.
Candlestick AnalysisTechnical IndicatorsNIFTYniftyoptionsniftyoutlookoptionchainoptionstradingPivot Points

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