1) NR7 Rectangle formed waiting for a breakout 2) 11840/50 has strong support 12000 has strong resistance as per options chain analysis 3) last week completely in consolidation and whatever move is not volume supported up move 4) out NR 7 - 5 are bearish candles 5) Nifty is Bearish in the short term but waiting for a breakdown wait & watch
Nota
Still Nifty in Consolidation Wait & Watch Strategy till 11800 breaks better not to trade in Options high premium decay is there
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