NIFTY Expiry Analysis 21 Sep (SIDEWAYS)
We have been discussing the nifty charts regularly. after the yrsterday fall we can say that as it's Expiry today; it's very less chance to get a big momont in a row. So, we are assuming that today it will be more of position roundoff.
Today's moment is assumed to be sideways in RANGE 19815 - 19965.
Reasons:
Verdict:
Sideways in RANGE 19815 - 19965.
Plan of action:
Sell 19950 CE + Sell 19850 PE
Total collected Premium= 37.85 + 27.90 = 65
Today's moment is assumed to be sideways in RANGE 19815 - 19965.
Reasons:
- It's expiry last day was big moment.
- Near 19815 VWAP is providing a nice support Zone.
- RSI is showing Bullish diversion.
- PCR 0.60 (Bearish)
- EMA 200 is providing resistance at 19965.
- RSI is having very low value shows week bulls
Verdict:
Sideways in RANGE 19815 - 19965.
Plan of action:
Sell 19950 CE + Sell 19850 PE
Total collected Premium= 37.85 + 27.90 = 65
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