NIFTY View for 17 Sep Expiry
Updated
Immediate NIFTY resistance is 11525 and 11580. It will be important to view NIFTY formations at these levels.
A bearish divergence is also observed on the 60 min chart.
At the lower end, 11120 will act as good support for this week unless there is a news of India - China border escalations which has alleviated in the recent past.
I expect NIFTY to consolidate in between below range.
Broad NIFTY Range - 11050 to 11900.
Appropriate option positions can be initiated near support or resistance levels.
A bearish divergence is also observed on the 60 min chart.
At the lower end, 11120 will act as good support for this week unless there is a news of India - China border escalations which has alleviated in the recent past.
I expect NIFTY to consolidate in between below range.
Broad NIFTY Range - 11050 to 11900.
Appropriate option positions can be initiated near support or resistance levels.
Trade active
Nifty like to trade between 11700 and 11400 tomorrow before expiry. Appropriate option positions can be initiated.
Trade closed: target reached
Range as expected.Disclaimer
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