Daily charts:
- trend is up on daily charts
- today NF closed 0.25% in negative at 10795
- AD was 7:10
- option writing support 10500 resistance 11000 (highest OI)
- nifty continue to trades within triangle
- the triangle is getting smaller
- expect a big move once breakout happens
5 min charts:
- market was trending down
- covered yesterday's 10500 PE at cost
- funny thing was market was going down and puts hardly appreciated
- not much strength in selling and not in buying either
- movement typical of triangle ending
- trendline represents triangle support on hourly charts
- trend is up on daily charts
- today NF closed 0.25% in negative at 10795
- AD was 7:10
- option writing support 10500 resistance 11000 (highest OI)
- nifty continue to trades within triangle
- the triangle is getting smaller
- expect a big move once breakout happens
5 min charts:
- market was trending down
- covered yesterday's 10500 PE at cost
- funny thing was market was going down and puts hardly appreciated
- not much strength in selling and not in buying either
- movement typical of triangle ending
- trendline represents triangle support on hourly charts
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