nifty Look weak from everywhere nifty open Gapdown on friday and closed at day lows and nifty again rejecting him from the resistance of fallen trendline.
Option chain data is also showing Huge Call Writing at 14800 followed by 15000 that indicate short term fall in nifty very much Expected.
if nifty opens Gapdown any recovery in nifty will be the chance of short on nifty with stoploss of 14674.
MACD is also indicating short buildup in nifty Their is a Crossover of MACD line to Signal line above the Base line RSI is also Weak.
Option chain data is also showing Huge Call Writing at 14800 followed by 15000 that indicate short term fall in nifty very much Expected.
if nifty opens Gapdown any recovery in nifty will be the chance of short on nifty with stoploss of 14674.
MACD is also indicating short buildup in nifty Their is a Crossover of MACD line to Signal line above the Base line RSI is also Weak.