A very significant resistance at 17915 on daily charts will be tough nut to break. Need to be cautious here. Max pain on current expiry is at 17800. Max put writing is at 18000. There is high chance that NIFTY may test 18000 levels and reverse a good 1% taking it much closer to the max pain levels. High chance now that NIFTY will sustain and close above 17900 for the day. INDIAVIX has increased by 6% at these levels, and quick moves on either side can be expected. Need to be cautious at these levels.
DISCLAIMER: I am not SEBI registered investment advisor. All views are personal, and should not be considered solely for trading purposes.
DISCLAIMER: I am not SEBI registered investment advisor. All views are personal, and should not be considered solely for trading purposes.
