Nifty 50 IndexShort
Clear weakness on Nifty
Nifty is extremely weak and a clear rejection has shown up.
I have taken short position on Nifty for this week's expiry.
My forecast is that Nifty should reach Previous Week's Low.
24800 PE - BUY
24000 PE - SELL (As a Hedge)
Nifty also has the strong possibility of testing 24,000 level by the end of the Oct series with some minor bounce expected around 100 DEMA.
I have taken short position on Nifty for this week's expiry.
My forecast is that Nifty should reach Previous Week's Low.
24800 PE - BUY
24000 PE - SELL (As a Hedge)
Nifty also has the strong possibility of testing 24,000 level by the end of the Oct series with some minor bounce expected around 100 DEMA.
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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.