Nifty gaps down wih arround 400 Points but didn't able to break on closing basis, The time will tell whether it bounces back from here or will breaks the Demand Zone made earlier, but some how managed to make fresh levels and comes back in the zone. If it holds will bounces back due certain reasons.
1) Weekly expiry is ahead and Puts values are inflated and call values decreased heavily.
2) There is major hurdle at arround 16100 level for nifty at least for this expiry.
1) Weekly expiry is ahead and Puts values are inflated and call values decreased heavily.
2) There is major hurdle at arround 16100 level for nifty at least for this expiry.
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Moderately bullish not having verry hope still keeping in view bought BULL PUT SPREAD indian markets showing more positive signs than global "Lets See what going to happens we done our work rest is probability"