17800 will act as an extremely good support and there is a huge possibility for THURSDAY's low to be the low for the next 2 weeks iff there is no bad news flow.
NIFTY is forming volatility contraction pattern,double bottom broken out,trendline broken out,20ema broken out,0.5 fib retracement broken out...ALL these makes NIFTY 50 extremely bullish for this monthly expiry and NIFTY 50 can touch 18300 and 18600 again in the coming weeks
HUGE OI has been build in 18000 PUT options adding icing to the cake and NIFTY also closed above 18100 on friday forming a bullish pin bar candle.
FOLLOW me for more such content ahead.
Till then,
HAPPY TRADING :)
NIFTY is forming volatility contraction pattern,double bottom broken out,trendline broken out,20ema broken out,0.5 fib retracement broken out...ALL these makes NIFTY 50 extremely bullish for this monthly expiry and NIFTY 50 can touch 18300 and 18600 again in the coming weeks
HUGE OI has been build in 18000 PUT options adding icing to the cake and NIFTY also closed above 18100 on friday forming a bullish pin bar candle.
FOLLOW me for more such content ahead.
Till then,
HAPPY TRADING :)
