Sideways market
Updated
Expect sideways market most of today and tomorrow. Trendlines hold support. Only breaking these will some momentum kick in to fill the gap either upside or downside. Strangles are decaying quite well most of today.
Can turn bullish if short term upper trend line breaks and moves to wards the bearish long term trendline and R2 eventually.
Can turn bullish if short term upper trend line breaks and moves to wards the bearish long term trendline and R2 eventually.
Note
There is an order block between 41300 and 41700. Market will try to mitigate that next so any downmove today or tomorrow till this happens is going to be very slight correction.Note
Moving to Weekly R1..Note
Expect a short halt at 41100.Note
Didnt reach R1 yet.. Struggling around 41000 levels may hit tomorrow. PE decay halted post noon. Expect tomorrow to be sideways till the RBI monetary policy comes out . Leaving hedge overnight.. Good night.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.