1. Price is out of regression channel — signaling short-term weakness.
2. POC around 24,750 — That is most traded level.
Option Chain Data:
Call writing at 25,300 & 25,500 — clear resistance
But
Yesterday we got positive earnings of ICICI & HDFC Bank.
There is a expectation of pullback as long as nifty is above 24450, long term view is positive
2. POC around 24,750 — That is most traded level.
Option Chain Data:
Call writing at 25,300 & 25,500 — clear resistance
But
Yesterday we got positive earnings of ICICI & HDFC Bank.
There is a expectation of pullback as long as nifty is above 24450, long term view is positive
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