NIFTY: 16658
SGXNIFTY: 16976
Daily Time Frame: 1. Friday's candle closed below Thursday's high and below 200EMA
2. RSI:39.63
3. ADX:23.76
ST Outlook: Short Covering PCR:0.67 Max Pain:17600 INDIAVIX:26.75
At 17000 level Max CE contracts(28.7lakh) and at 16500 level Max PE contracts(16500)
Now there you can see a flag pattern and SGX NIFTY showing 1.90% gap up opening. It is trying to fill the gap created at 17050
Again there is symmetric triangle plus a channel pattern
Entry should be above 17200-17210
Upside Targets: 17415-17465, 17590-17630, 17765-17785
Now if NIFTY can't sustain the gap up and trend reverses from there and sustains its reversal then
Downside Targets: 16705-16735, 16495-16515, 16395-16415, 16210-16230
SGXNIFTY: 16976
Daily Time Frame: 1. Friday's candle closed below Thursday's high and below 200EMA
2. RSI:39.63
3. ADX:23.76
ST Outlook: Short Covering PCR:0.67 Max Pain:17600 INDIAVIX:26.75
At 17000 level Max CE contracts(28.7lakh) and at 16500 level Max PE contracts(16500)
Now there you can see a flag pattern and SGX NIFTY showing 1.90% gap up opening. It is trying to fill the gap created at 17050
Again there is symmetric triangle plus a channel pattern
Entry should be above 17200-17210
Upside Targets: 17415-17465, 17590-17630, 17765-17785
Now if NIFTY can't sustain the gap up and trend reverses from there and sustains its reversal then
Downside Targets: 16705-16735, 16495-16515, 16395-16415, 16210-16230
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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.