Finally we saw a breakout yesterday after days of consolidation plus no global worries right now and coming back after a correction would make Nifty to see fresh highs.
OI has seen a drastic fall in the 10000 CALL and an amazing rise in the 10000 PUT yesterday which has shifted the MAX PAIN area further ahead and that makes sense to expect a further upward move.
Also DOW performed really well yesterday as Hurricane IRMA didn't do much damage and got weak.
Coming back to NIFTY the key support now is 9965 and it will be a bull market until it holds on to that. We would see fresh buying now as the market has given a breakout.
CALL TO ACTION would be to GO LONG!
Cheers!
OI has seen a drastic fall in the 10000 CALL and an amazing rise in the 10000 PUT yesterday which has shifted the MAX PAIN area further ahead and that makes sense to expect a further upward move.
Also DOW performed really well yesterday as Hurricane IRMA didn't do much damage and got weak.
Coming back to NIFTY the key support now is 9965 and it will be a bull market until it holds on to that. We would see fresh buying now as the market has given a breakout.
CALL TO ACTION would be to GO LONG!
Cheers!
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Nifty now strictly trading between the resistance zone levels drawn on the chart. Another breakout in the making!
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Next up - mission 10200!
