Oil briefly broke channel on lower side yesterday and SGX NIFTY and other indices responded accordingly. But since then it again went in to the channel and may decide its further course of action today.
As yesterday, if it goes above the channel then NIFTY will fall and it breaks channel at lower end then it NIFTY will continue its up move.
By and large general trend is still up.
In absence of any new trigger, trades will be eyeing only at oil for trading bets.
FIIs sold in cash after long time but lot of buying in options by them, (perhaps) in anticipation of lot of movement during last expiry week.
No new trades.
Disclaimer: This blog does not take any responsibility of your profit/loss
As yesterday, if it goes above the channel then NIFTY will fall and it breaks channel at lower end then it NIFTY will continue its up move.
By and large general trend is still up.
In absence of any new trigger, trades will be eyeing only at oil for trading bets.
FIIs sold in cash after long time but lot of buying in options by them, (perhaps) in anticipation of lot of movement during last expiry week.
No new trades.
Disclaimer: This blog does not take any responsibility of your profit/loss
No comments:
Post a Comment