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Option

NIFTY THURSDAY 4 AUGUST OPTION EXPIRY ANALYSISAccording to our yesterday analysis,price could not break higher or lower S & R levels and remained sideways the whole day. Yesterday we saw the W pattern today we can see the CUP and HANDLE (which we can expect tomorrow to complete) pattern. So tomorrow if price breaks below 17380 we can assume to be a continuation of todays remaining part of the handle (cup and handle) pattern. As we discussed earlier in last week"s analysis price coudn"t break 17100 ...17450 supply and demand area. Tomorrow we can expect price to move out of this range if price gapsup above 17450 level or opens near todays closing price and breaks the 17450 level till afternoon.
NSE:NIFTYLong
by stockssimplyfy