Finnifty monthly expiry analysis for 29/08/23.
Finnifty has taking resistance from 20 ema and has close between both the moving averages on the daily charts.
On the hourly charts, market has crossed and sustain above the 20 ema and is still between both the moving averages.
Tomorrow is the monthly expiry and the market has not given any trending market for few session and there are chances of a trending market.
On 15 minute time frame, there is a bullish moving averages cross over and has closed above both the EMAs.
It is taking resistance from 61.8% fib levels. Watch if it a retracement or trend reversal. Decide the trend only when market start trading outside the previous candles either on the upside or down side.
Support :- 19680, 19530-50
Resistance :- 19780, 19830, 19910
The market has been moving in a side ways mode. Option buyer watch for a clear setup trade as time decay will eat the premiums.
Wait for the price action near the levels before entering the market.
On the hourly charts, market has crossed and sustain above the 20 ema and is still between both the moving averages.
Tomorrow is the monthly expiry and the market has not given any trending market for few session and there are chances of a trending market.
On 15 minute time frame, there is a bullish moving averages cross over and has closed above both the EMAs.
It is taking resistance from 61.8% fib levels. Watch if it a retracement or trend reversal. Decide the trend only when market start trading outside the previous candles either on the upside or down side.
Support :- 19680, 19530-50
Resistance :- 19780, 19830, 19910
The market has been moving in a side ways mode. Option buyer watch for a clear setup trade as time decay will eat the premiums.
Wait for the price action near the levels before entering the market.
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