There is high chances Nifty may touch 18300-18400 in next 2-3 weeks.
Reason behind that
Nifty completed 500 point correction and
will open gap up on monday.
Also there is large unwinding in 18250-18350 in the money call option 7 October 2021 call.
Plus 18400 14 October 2021 call.
This is unusual.
Last time when nifty fell to 17550 2 weeks before that i noticed unwinding in 17550 in the money put option which was unusual because market was going up . Based on that I have given idea that nifty will fall to 17500 that target was achieved in 2 days.
Many time i noticed that unwinding in in the money call put option may hint at possible upcoming rise or fall.
This idea is based on Option chain analysis and past behaviour of index not on Chart pattern.
Reason behind that
Nifty completed 500 point correction and
will open gap up on monday.
Also there is large unwinding in 18250-18350 in the money call option 7 October 2021 call.
Plus 18400 14 October 2021 call.
This is unusual.
Last time when nifty fell to 17550 2 weeks before that i noticed unwinding in 17550 in the money put option which was unusual because market was going up . Based on that I have given idea that nifty will fall to 17500 that target was achieved in 2 days.
Many time i noticed that unwinding in in the money call put option may hint at possible upcoming rise or fall.
This idea is based on Option chain analysis and past behaviour of index not on Chart pattern.
Note
This is just a beginningNote
we moving towards All time highNote
18200 done todayin just 10 days got 700 points on nifty
Note
18300 done today
Related publications
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.
Related publications
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.