Hey Guys,
Global indication are negative, Dow was weak on last session, But showing some positive indication on futures.
Nifty is future showing negative opening.
Nifty option chain Data showing strongest resistance is 10500, 10600 respectively.
Strongest support is 10000 a huge call writing can be observed. For this week according to the data, Nifty will move between these levels.
ITC Analysis:
EMA: 200 EMA is a strong resistance for now.
Trend line: price is perfectly moving between two trend lines.
Bollinger Band: in past price got rejection from upper band limit, similar rejection can be observed at the current price level.
RSI: is good but showing weak signal.
Fib Retracement: Price is trying to sustain over 0.236 level.
Please share your thoughts in comment,
let me know if you have any questions,
Thanks. Stay Safe - Stay Invested.
Global indication are negative, Dow was weak on last session, But showing some positive indication on futures.
Nifty is future showing negative opening.
Nifty option chain Data showing strongest resistance is 10500, 10600 respectively.
Strongest support is 10000 a huge call writing can be observed. For this week according to the data, Nifty will move between these levels.
ITC Analysis:
EMA: 200 EMA is a strong resistance for now.
Trend line: price is perfectly moving between two trend lines.
Bollinger Band: in past price got rejection from upper band limit, similar rejection can be observed at the current price level.
RSI: is good but showing weak signal.
Fib Retracement: Price is trying to sustain over 0.236 level.
Please share your thoughts in comment,
let me know if you have any questions,
Thanks. Stay Safe - Stay Invested.
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