FINNIFTY- Ready for another leg up?
Atualizado
Finnifty and all the other indexes reacted very well on BJP's win in the elections.
So what now?
We can't even think about bearish positions now. Going forward for tomorrow's expiry, there are 3 scenarios
1- Gap down opening: If there's a gap down opening which is less than 0.7%, then I expect finnifty to recover and expire either at +-0.2%.
2- Gap up opening: If there's a gap up opening, then I expect finnifty to expire above 20800.
3- Flat opening: If there is a flat opening i expect some consolidation but will expect finnifty to close positive, or at least above 20700.
So what now?
We can't even think about bearish positions now. Going forward for tomorrow's expiry, there are 3 scenarios
1- Gap down opening: If there's a gap down opening which is less than 0.7%, then I expect finnifty to recover and expire either at +-0.2%.
2- Gap up opening: If there's a gap up opening, then I expect finnifty to expire above 20800.
3- Flat opening: If there is a flat opening i expect some consolidation but will expect finnifty to close positive, or at least above 20700.
Nota
We have a gap up opening. As mentioned, expecting CNXFINANCE (Finnifty) to expire above 20800.
Indian Stock Market trader & trainer. Believer that everything revolves around price of an asset and nothing else.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.