In my July 15 post, I had said
Again tomorrow may be a pause ,range bound day with indecision candle. I don't expect it to cross above 10760. The lower bound is again 10560.
The other possibility is continuing the trend towards the 10500 level.
NIFTY paused and stayed in the large range of 10580-10760.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
My Trades today
I did not trade today.
My Observations for the day
NIFTY formed hammer~doji , indecision candle, since it was an inside day as well. It closed 1.15% higher.
BANKNIFTY was in sync with 1.2% gain.
VIX was down 3.5%.
Advance Decline ratio was neutral - 26 to 24.
Open Interest showing the same buildup for the range 10500-10600 to 11000
Not much to conclude today. The larger picture does not change. I’ll trade when NIFTY breaks out of the 10550-10820 range.
Some intra day short opportunity only below 10640.
Again tomorrow may be a pause ,range bound day with indecision candle. I don't expect it to cross above 10760. The lower bound is again 10560.
The other possibility is continuing the trend towards the 10500 level.
NIFTY paused and stayed in the large range of 10580-10760.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
My Trades today
I did not trade today.
My Observations for the day
NIFTY formed hammer~doji , indecision candle, since it was an inside day as well. It closed 1.15% higher.
BANKNIFTY was in sync with 1.2% gain.
VIX was down 3.5%.
Advance Decline ratio was neutral - 26 to 24.
Open Interest showing the same buildup for the range 10500-10600 to 11000
Not much to conclude today. The larger picture does not change. I’ll trade when NIFTY breaks out of the 10550-10820 range.
Some intra day short opportunity only below 10640.
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.
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.