Globally there is fear of a Recession. Investors are taking out money from the equities black rock and Goldman Sachs both are bearish on equities because it is considered a riskier asset. When it comes to bitcoin it is the riskiest asset. And a global cryptocurrency meltdown is ahead. Stay cautious!!
US CPI data and Indian CPI data suggest that there will be no big downtrend in the market or a big uptrend. The safest range for option selling for the 15th of September weekly expiry is in the range of 17500 to 18500.
A clear global clues and price action analysis. I have considered the most important support and resistance level to get the range of Nifty 50 where it can spend most of its time till 8th of September 2022 weekly expiry
