We are now in weekly support zone... If this doesn't support... Whatelse. Should traders lose life, if this havoc continues. Its better to stop trading for good, in bank nifty... Which is heavily under fire by FII.
The waters are tested. Now we have to break even. Dont trade futures and options, they are highly volatile.
The amount of choppiness seen is tremendous. There is no place for buyoptions trader in this present market. This market is better suited for option sellers and Future's traders. Anyway keep off market before it kills you.
A dip in the holy water of 17900 to 18000 is necessary for stabilization. Very choppy zone for Option traders. Be careful.
Crucial support 14913, for this week... .......... .......... This app needed more content to post this, so I'm writing this unnecessary details. Be cautious. Don't trade, this is choppy zone
Markets seen to be following weekly trends. Daily trends streak is broken as of now. Two hour candle patterns are broken, hope everything settles in for a brighter tomorrow. All is the will of Lord ShriRam
Daily patters show... Aggressive down side... But weekly charts are heavily bullish...
At lower side, two hour zone held support... We are holding ground for now
This is the worst two hour zone... Tested twice... Opened gap down... But options price reduces drastically over two days, like 40-50% but total net fall of 50 points
Zones getting beaten, now market will rally to more than previous highs
Market feel after touching a two hour supply zone and rallied after touching another two hour demand zone.
A 2hr boring candle... Can lead to further precipitous fall. Equal to how much it fell till then