FinNifty intraday levels for weekly expiry (05/03/24).
Finnifty is still lagging behind the other indices and there are chance of it covering up the move tomorrow.
Last expiry was a sideway market ahs there are chance of a move in the index as it has take a halt around the higher levels.
If there is a gap up opening, market may keep the bullish move on as it will hit the SL of seller and a move can be seen in the morning.
In case there is a flat to slight gap down opening, wait for it to start trading above the resistance zone or break out in the second half.
Major resistance zone:- 20960, 2110-50
Support levels :- 20830, 20620
It is sustaining the higher levels and has consolidated in a range. A nice trending move on the break out can be seen.
Even watch for the option premiums charts and VIX before entering a position.
Wait for the price action near the levels before entering the market.
Last expiry was a sideway market ahs there are chance of a move in the index as it has take a halt around the higher levels.
If there is a gap up opening, market may keep the bullish move on as it will hit the SL of seller and a move can be seen in the morning.
In case there is a flat to slight gap down opening, wait for it to start trading above the resistance zone or break out in the second half.
Major resistance zone:- 20960, 2110-50
Support levels :- 20830, 20620
It is sustaining the higher levels and has consolidated in a range. A nice trending move on the break out can be seen.
Even watch for the option premiums charts and VIX before entering a position.
Wait for the price action near the levels before entering the market.
