Mighty Nifty Weekly Reveiw Feb 14 - Feb 18

 Considering the bearish sentiments in the market, let us analyse how the market will behave this week. Right now price is @ the support of the trend line. If it took support, bullish above 17420 for the targets 17460,17520, 17580, 17660 and 17720.




In case if the price breaks the trend line and fall, the bearish zone starts from 17280 for the targets 17220, 17160, 17120, 17040. 16960, 16900 and 16860. Immediate support is seen at 16980 - 17020 zone. Highest PE OI is seen @ 17000 where we are having next support. Put call ratio is 0.8. Maximum pain is seen at 17400.

Wishing you all a healthy mind & body. May the lady luck be with you always...



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