Nifty 50 chart analysis
Nifty formed an green hammer
(Which is telling that there was selling pressure during the day ultimately a strong buying pressure drove the prices . This is what happened today)
And if we see the intraday volatility today is about 0.72% which is good volatility range
Positive sign :- closed above intraday pivot control point of 17500 level which is 1st resistance level for Nifty today
I give an caution for option sellers (u can see in mine profile)
ie. CALL shorts will get covered if breakout of 17500-17530 levels
If go and see the option chain data (Given link below ) u can more shorts get covered in between strikes of 17500 to 17800 .
Let's watch out intraday levels for Nifty for 22 SEP
🎯 Key levels
Buying CALL only above 17620-17650 level which very crucial resistance zone
And Buying PUT option only when traded below the 17330-17300 level which is very crucial support zone [for option buyers]
And Nifty will become when it's Traded below the 17450 level which is control pivot point region and don't short market until breakdown down this level [call writers] otherwise u will run for covering
(Which is telling that there was selling pressure during the day ultimately a strong buying pressure drove the prices . This is what happened today)
And if we see the intraday volatility today is about 0.72% which is good volatility range
Positive sign :- closed above intraday pivot control point of 17500 level which is 1st resistance level for Nifty today
I give an caution for option sellers (u can see in mine profile)
ie. CALL shorts will get covered if breakout of 17500-17530 levels
If go and see the option chain data (Given link below ) u can more shorts get covered in between strikes of 17500 to 17800 .
Let's watch out intraday levels for Nifty for 22 SEP
🎯 Key levels
Buying CALL only above 17620-17650 level which very crucial resistance zone
And Buying PUT option only when traded below the 17330-17300 level which is very crucial support zone [for option buyers]
And Nifty will become when it's Traded below the 17450 level which is control pivot point region and don't short market until breakdown down this level [call writers] otherwise u will run for covering
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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.