Yesterday went according to the plan. Nifty to open negative today and continue its movement down south. Like mentioned yesterday if Nifty manages to close below 9878 level it will continue moving downwards.
The target for now, I am expecting it to complete the bearish flag pole and touch the level of 9688.
Yesterday the market saw heavy call writing at 9900 CALL, the OI rose over 2.7 million at the 9900 CALL.
So yeah, call-to-action would be to hold on to your short positions.
Currently its a sell on rallies market, so keep looking for that positive rally in the market to enter or add on to the positions.
The target for now, I am expecting it to complete the bearish flag pole and touch the level of 9688.
Yesterday the market saw heavy call writing at 9900 CALL, the OI rose over 2.7 million at the 9900 CALL.
So yeah, call-to-action would be to hold on to your short positions.
Currently its a sell on rallies market, so keep looking for that positive rally in the market to enter or add on to the positions.
