AnandBhatBantwal

AnandBhatBantwal Updated 

Is nifty going to touch down the trendline after the budget? Looks like nifty50 index seriously follows the trendline breakouts. So where exactly it is headed this time? Should we consider this as fresh investment opportunity in March 2020??

AnandBhatBantwal

LT on a weekly chart framed a double bottom recently and approaches trend line. Expecting a bullish Breakout

AnandBhatBantwal

Immediate support is placed in the zone of 12130 and12050 levels. Considering the options, OI is maximum for 12300CE and 12200PE. Clearly a bearish sign at least for 23JAN expiry options. The MACD indicator shows a bearish crossover. But dynamic weak support at 50ema is also possible.