Mighty Nifty - Weekly Review Feb 21 - Feb 25

 Global bearish sentiment is continuing this week also. What do you think? After falling nifty will reverse?  Last week nifty reached all sell targets and then reversed. Now price is consolidating forming a triangle pattern. Bearish below 17220 for the targets 17180, 17140, 17000, 16940 and 16900. If the price managed to take support at 17280 - 17320, it will move towards 17360, 17400, 17460 and 17500. PCR is 0.9. Total calls - 65.7 M Call change - 16 M. Total puts - 59.8 M. Put change - 13.5 M.


Last week price was trending taking trend line support. Fall down breaking it. This week we have triangle. Lets see which side it will give BO.

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

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