FINNIFTY FOR EXPIRY 08AUG23 TO REACH 20370-470

4 thg 8, 2023

By Expiry on 8AUG, FINNIFTY to reach 20370-470

My Reasons to believe so

• Friday witnessed buying from levels 19850 to 19990.
  
• At the end of the day on option chain, Call buying could be seen upto 19800, indicating positive mood for Monday, given that premium decay during weekend is taken into consideration.
  
• By evening, US markets are in the solid green
  
• Bearish sentiments seem to have abated for now, looking at how markets across the globe is behaving.
  
• There will be an attempt to stay above the well-respected trendline, meaning to climb above 20370.