Nifty outlook 9 Nov 2023
Closing Range - 19292/19519. Extended range 1 - 19208/19603, Extended range 2 -19095/19716
Nifty formed another Hammer and closed outside the downward trending channel for the 2nd day. Also, the close is above 20 DMA which will now act as a support 100 DMA at 19469. Next trading session will be volatile owing to Nifty's weekly expiry. This may put Nifty to the final test as far as the downward trending channel is concerned. Expect tomorrow's Nifty expiry from sideways to positive.
Possible trade: Trade with poistive bias unless market give negative surprises. IVs are not conducive to Option trading.
P.S. - 0.5%-1% return on capital can be considered good in intraday. Trade with strict SL within the ranges mentioned above.
Nifty formed another Hammer and closed outside the downward trending channel for the 2nd day. Also, the close is above 20 DMA which will now act as a support 100 DMA at 19469. Next trading session will be volatile owing to Nifty's weekly expiry. This may put Nifty to the final test as far as the downward trending channel is concerned. Expect tomorrow's Nifty expiry from sideways to positive.
Possible trade: Trade with poistive bias unless market give negative surprises. IVs are not conducive to Option trading.
P.S. - 0.5%-1% return on capital can be considered good in intraday. Trade with strict SL within the ranges mentioned above.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。