These are my over all views for next one week or so -
- This one all know about, 5400 PUT has highest OI and 5600 call has highest OI, these are option support and resistance as of now.
- my over all view was the upswing to be ended between 5500-5550 spot. It seems to have ended. And possibly, we have started a down swing towards 5100.
- There are two possibilities for next week, it trades above 5400, then we can re-test 5470-5500 range again and fall from there.
- If we break below 5400 and trade for some time, then I think NF will fall to 5300 support zone and bounce from there.
- Over all I think market is going to surprise all in down side.
Happy Trading!
- This one all know about, 5400 PUT has highest OI and 5600 call has highest OI, these are option support and resistance as of now.
- my over all view was the upswing to be ended between 5500-5550 spot. It seems to have ended. And possibly, we have started a down swing towards 5100.
- There are two possibilities for next week, it trades above 5400, then we can re-test 5470-5500 range again and fall from there.
- If we break below 5400 and trade for some time, then I think NF will fall to 5300 support zone and bounce from there.
- Over all I think market is going to surprise all in down side.
Happy Trading!