Nifty 23851 - has Fibonacci measured resistance at 24134 and support at 23414. Signals are STRONGLY bullish. Call writers shed 4 M calls from Nifty @ 23415 while PUT writers roared and took Nifty high adding 13 M PUTS. FII's took the opportunity to shed 1,073 contracts and 75000 calls and 66000 PUTS.
Based on above facts we expect Nifty to move up higher to test the resistance and if it sustains the resistance would move to 25590
Based on above facts we expect Nifty to move up higher to test the resistance and if it sustains the resistance would move to 25590
Note
Bought 24050 PUT @ 168.10 at Nifty 24030 at 10:18Note
Bought 24150 PUT @ 144 at Nifty 24129 at 11:27
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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.