As we have been discussing Nifty Analysis posts NIFTY continious to it's bullish trend.
Yesterday also it gave a nice bull move as we discussed in our last expiry analysis.
Market is Strong Bullish in this week. data indicate the bullish move is not yet ended.
As market Strong resistance has already broken. So, It should act as a nice support here onwards.
Our view for today's market will be not strong bullish, also not bearish. Nifty might go upto 19850 where it might face a minar resistance.
Today's momentum is expected to sideways.
Reason:
1. whole week bull momentum.
2. RSI is in Bullish reason and showing good strength.
3. SGX Nifty is opening near 19800.
4. PCR = 1.29
Verdict:
Sideways momentum is expected
Plan of action:
Sell 19800 CE and sell 19650 PE
Yesterday also it gave a nice bull move as we discussed in our last expiry analysis.
Market is Strong Bullish in this week. data indicate the bullish move is not yet ended.
As market Strong resistance has already broken. So, It should act as a nice support here onwards.
Our view for today's market will be not strong bullish, also not bearish. Nifty might go upto 19850 where it might face a minar resistance.
Today's momentum is expected to sideways.
Reason:
1. whole week bull momentum.
2. RSI is in Bullish reason and showing good strength.
3. SGX Nifty is opening near 19800.
4. PCR = 1.29
Verdict:
Sideways momentum is expected
Plan of action:
Sell 19800 CE and sell 19650 PE
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