NIFTY Expiry Special Analysis 14 SEP 23As we have discussed in our last analysis nifty is trading at All-time-HIGH . So, some consolidation was requried.
Today is expiry we mostly expiry used to be sidewways momentum. We can see NIfty has Created a RANGE 19950-20100 .
Today I am expecting the sideways moment.
ALL important levels are marked on chart.
Reason
PCR = 1.16 (Bullish)
Huge PUT writing on 20,000 level.
Trading in RANGE 19950-20100.
RSI Diversion, RSI is in range 40-60. Which indicates most of the time is sideways momentum.
Verdict :
Mild Bullish.
Plan of Action:
SELL 20000 PE and SELL 20000 CE.
protect it unless its trading in RANGE.
