According to me Nifty is heading to move upward:
1) On daily chart RSI taking a support at 60
2) Weekly RSI above 60
3) Above 20 days Moving average.
4) Open interest data suggest 11300 and11350 calls short covering happening.
Educational tweet..
As RSI 14 period is resisting at 60 so the trend is neutral or not bullish in short term
Strong supply or resistance at 205
Weekly RSI also below 50
So we can sell OTM calls to earn theta decay.
Views negate above 215 on a closing basis
Notes
For educational purpose only
