Nifty 50 IndexShort
A big Nifty Crash looks imminent !!!
The weekly chart structure of Nifty is dangerous. This is a sign of clear weakness.
Last week's candle is a pure bearish candle that has rejected the Yearly Pivot for 2025.
This means one thing - We are in all likelihood headed for a big crash!
The next logical support is around 21,100 level which I feel could also be taken out eventually and then we could see 18,550 zones.
This entire crash could play out within the next 2 - 3 months and hence, taking March or April PEs which are in the strike price of around 21,000 would be a good choice for option buyers.
Last week's candle is a pure bearish candle that has rejected the Yearly Pivot for 2025.
This means one thing - We are in all likelihood headed for a big crash!
The next logical support is around 21,100 level which I feel could also be taken out eventually and then we could see 18,550 zones.
This entire crash could play out within the next 2 - 3 months and hence, taking March or April PEs which are in the strike price of around 21,000 would be a good choice for option buyers.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.