Nifty saved from fallout.
Nifty fell from 12022 to 11870 and was going strong.
Banknifty fell flat 500+ points after opening.
Nifty was getting ready for a good pullback but our FM saved it again.
Just immediately after our FM session it retained 90 points.
And it closed strongly above 11900. Nifty has to cross the trendline downwards for the strong correction.
If Nifty holds the trendline like it did today then expect it to make a new high in coming days.
Call writers exiting at 11900 hints Nifty will turn bullish from here. Let's see.
Play safe & Happy trade.
Note: My views are only for educational purpose. Consult your financial advisor for any trades.
Banknifty fell flat 500+ points after opening.
Nifty was getting ready for a good pullback but our FM saved it again.
Just immediately after our FM session it retained 90 points.
And it closed strongly above 11900. Nifty has to cross the trendline downwards for the strong correction.
If Nifty holds the trendline like it did today then expect it to make a new high in coming days.
Call writers exiting at 11900 hints Nifty will turn bullish from here. Let's see.
Play safe & Happy trade.
Note: My views are only for educational purpose. Consult your financial advisor for any trades.
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