26 Sep ’23 Post Mortem on FinNifty - 19424 will get taken out?
FinNifty Weekly Expiry Analysis
Between the last expiry (18th Sep) and today - FinNifty has fallen 585pts ~ 2.87%. 19th Sep was a holiday due to which the expiry was preponed to 18th. On 20th we had an island day with sharp cuts. 21st also we had an island day but that got faded out as the price move kind of stabilized around those levels.
Few of those points were looking quite interesting on the Fibonacci levels. The moves on 20th near the 61.8% levels. Highs of 25th on the 38.2% levels and the swing low near the 23.6% levels. Personally I would prefer the 0 level i.e. 19424 get taken out before the next expiry.
Between the last expiry (18th Sep) and today - FinNifty has fallen 585pts ~ 2.87%. 19th Sep was a holiday due to which the expiry was preponed to 18th. On 20th we had an island day with sharp cuts. 21st also we had an island day but that got faded out as the price move kind of stabilized around those levels.
Few of those points were looking quite interesting on the Fibonacci levels. The moves on 20th near the 61.8% levels. Highs of 25th on the 38.2% levels and the swing low near the 23.6% levels. Personally I would prefer the 0 level i.e. 19424 get taken out before the next expiry.
