Hi Traders.
Fin Nifty expiry can be largely sponsored by HDFC and its group entities as they have large % contribution.
Pattern : Descending Triangle pattern with index making lower highs and forming base at 18900 levels around,
good trade only if fin nifty breaks the level of 18950 and above as it would mean structure breakout along with besides pattern breakout,
below that 18900 once broken can lead to further downwards movement.
Caution: ANY RALLY IN HDFC and its group companies can bring fin nifty to fast movements.
Fin Nifty expiry can be largely sponsored by HDFC and its group entities as they have large % contribution.
Pattern : Descending Triangle pattern with index making lower highs and forming base at 18900 levels around,
good trade only if fin nifty breaks the level of 18950 and above as it would mean structure breakout along with besides pattern breakout,
below that 18900 once broken can lead to further downwards movement.
Caution: ANY RALLY IN HDFC and its group companies can bring fin nifty to fast movements.