NIFTY Expiry Special Analysis 14 SEP 23
As we have discussed in our last analysis nifty is trading at All-time-HIGH. So, some consolidation was requried.
Today is expiry we mostly expiry used to be sidewways momentum. We can see NIfty has Created a RANGE 19950-20100.
Today I am expecting the sideways moment.
ALL important levels are marked on chart.
Reason
Verdict:
Mild Bullish.
Plan of Action:
SELL 20000 PE and SELL 20000 CE.
protect it unless its trading in RANGE.
Today is expiry we mostly expiry used to be sidewways momentum. We can see NIfty has Created a RANGE 19950-20100.
Today I am expecting the sideways moment.
ALL important levels are marked on chart.
Reason
- PCR = 1.16 (Bullish)
- Huge PUT writing on 20,000 level.
- Trading in RANGE 19950-20100.
- RSI Diversion, RSI is in range 40-60. Which indicates most of the time is sideways momentum.
Verdict:
Mild Bullish.
Plan of Action:
SELL 20000 PE and SELL 20000 CE.
protect it unless its trading in RANGE.
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