Dear Friends,
Market is hovering at 18800. 18842 is the first 15 minutes low and it coming to that levels and getting rejected. Nifty has very high open interest at 18800PE and 18900CE. So it is more likely to stay in between for a while. I would prefer to stay out of the market till it does not give any break out or break down of these levels. I am having a bearish view and looking at OI and charts it is not showing any minor confirmation of bearish trade to take. I am not going to trade in this market on bull side since I am enjoying a fear and once it come below 18800 and sustain their for 15 minutes then I will open my bearish trade. till then no trade.
As and when I will take trade will update you all....
Market is hovering at 18800. 18842 is the first 15 minutes low and it coming to that levels and getting rejected. Nifty has very high open interest at 18800PE and 18900CE. So it is more likely to stay in between for a while. I would prefer to stay out of the market till it does not give any break out or break down of these levels. I am having a bearish view and looking at OI and charts it is not showing any minor confirmation of bearish trade to take. I am not going to trade in this market on bull side since I am enjoying a fear and once it come below 18800 and sustain their for 15 minutes then I will open my bearish trade. till then no trade.
As and when I will take trade will update you all....