NIFTY is at upper end of expanding triangle... pattern implication calls for some more correction limiting itself to 8400-8500 levels.
Option writing points to support at 8600 and resistance at 9000 levels.
EOD charts
Intraday charts
Break of initial supports was a short signal which got stopped out subsequently (first box)... the resulting long trade was profitable though only marginally.
Option writing points to support at 8600 and resistance at 9000 levels.
EOD charts
Intraday charts
Break of initial supports was a short signal which got stopped out subsequently (first box)... the resulting long trade was profitable though only marginally.
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