The level at which Nifty is right now is a:
1). very major resistance and nifty has fallen twice from this level moreover,
2). if you look at the option chain then 15000CE Has the highest OI with heavy writing,
3). 500 point CE above is having a premium of just 7, while 500 point below PE is having OI of 49,
4). There is a double top kind of formation at hourly frame.
5.) India Vix is high.
6.) There's a Gap at 50EMA Day level.
Now decide yourself. Follow me for more!
1). very major resistance and nifty has fallen twice from this level moreover,
2). if you look at the option chain then 15000CE Has the highest OI with heavy writing,
3). 500 point CE above is having a premium of just 7, while 500 point below PE is having OI of 49,
4). There is a double top kind of formation at hourly frame.
5.) India Vix is high.
6.) There's a Gap at 50EMA Day level.
Now decide yourself. Follow me for more!