Daily charts:- market is rangebound on daily charts
- till yesterday, I mentioned the trend as down
- with today's move, the SL of 9300 is gone
- you are of course, free to consider any other appropriate SL
- for eg, another good SL could be 9500
- today markets closed 3% in positive at 9315
- AD was 3:2
- on weekly charts, a higher high higher low is already forming
- above view is valid till weekly low does not break (8800)
kplswing signal
Options range
NIFTY close | 9315 | Date | 27-May-2020 |
VIX | 31.00% | | |
| | | |
| Levels | Strike price | Significance |
Month Hi | 10,149 | 10,100 | Resistance |
Week Hi | 9,715 | 9,700 | Resistance |
Day Hi | 9,466 | 9,500 | Resistance |
Day Lo | 9,164 | 9,200 | Support |
Week Lo | 8,915 | 8,900 | Support |
Month Lo | 8,481 | 8,500 | Support |
| | | |
Levels are for day/ week/ month starting tomorrow |
Strike price is arrived after rounding up/ down of levels |
Range expansion if VIX explodes |
For educational purposes only. Not for trading |
Updated daily at vfmdirect.in |
No comments:
Post a Comment