Mighty Nifty - Weekly Review Feb 7 - Feb 11

 Price was moving up with the support of trend line and now it is consolidating within the range 17480 -17600. This week this trend deciding zone will play an important role. Bearish below 17460 for the targets 17420, 17380, 17320, 17260 and 17200. Bullish above 17520 for the targets 17560, 17600, 17660, 17720 and 17780.

Nifty with trend line
Other expected moves

US market managed to close in green, though there was profit booking seen in technology stocks. High inflation concerns made Europeon markets to close in red. Asian market seems to be mixed.
Nifty maximum pain is seen at 17600(nifty crucial zone 17480 - 17600). Put : Call ratio is 0.82. Highest OI is seen @ 17800 CE where we are expecting double top formation.




Comments

Post a Comment

Popular posts from this blog

Friend - Partner in crime...

 There will be atleast one friend in our life to whom we can contact at any time to share happiness/sadness.  The friend who can translate my silence. The friend with whom I can laugh about my foolishness. The friend who can convert my weakness to strength. The friend with whom I made the pact to look after each other The friend  who can stop me before I commit a crime :) Though I started to write thinking about all my friends, only my best friend filled my mind when I am writing this. To my best friend, you are the most sincere, dedicated, kind, wise, focused and action oriented person I have ever known. 
Read more

Unexpected Move & Challenge is on...

Image
  Some times we can not say, "I dont care". Some times we can not ignore. And some times your opponent may be stronger than you. But many times any missed opportunity will create regret in life. I am taking this challenge so that I wont regret. The challenge is On... Duration - till it completes. Will see who wins . Even if I will fail, I will rise above as a strong person.
Read more

Hello

 Hello Traders, I am going to post about our indexes bank nifty & nifty here. With charts & information about OI related to it. Support me to post more here.
Read more