In 30 min chart (also in hourly), NIfty has made a clear positive divergence.
The index is taking support 11100, which is second time since monday October 7, 2019.
The option data also suggests a good support at current level.
Looks like we may see a 80-120 points up move from here in NIfty.
The index is taking support 11100, which is second time since monday October 7, 2019.
The option data also suggests a good support at current level.
Looks like we may see a 80-120 points up move from here in NIfty.
Comment:
Done. Time to partially book profit and update SL. 11200-250 is resistance for now and NIfty is still not out of woods.
