@piyush_trades How does it matter if its fake or real ?
The short squeeze in the last 2 hours was because of the highest Fii short position
Big players do know if the news is fake or not โฆโฆ.
Nifty should sustain above 23350 for atleast next 1 hour to see some more fireworks
Above 23350 direct resistance is around 23400 which looks like it can be cleared
Above 23400 we are ready for another 100-150 points of intraday upmove
@TWS_CLUB
Nifty data looking solid for the bulls. Over the last hour, we're seeing massive Call unwinding (red hollow bars) at 23,400 and 23,500, paired with heavy Put writing (green striped bars) moving up to 23,500. PCR sits comfortably at 1.08 with Nifty holding above 23,500. Shorts are running out of room. ๐ #Nifty50 #OpenInterest
@Vikaskulha87064 Go step by step yes its possible but today or not i am not betting on that
Above 23500 we are opening for 24000
First resistance after crossing 23500 is 23800 keep that in mind
Nifty should sustain above 23350 for atleast next 1 hour to see some more fireworks
Above 23350 direct resistance is around 23400 which looks like it can be cleared
Above 23400 we are ready for another 100-150 points of intraday upmove
Nifty broke clean out of the morning downward channel and is now consolidating beautifully right under the 23,360 resistance zone. Higher lows are forming. If we clear this purple box, a sharp short-covering move is on the cards. Bullish bias as long as 23,340 holds. ๐ #Nifty50
Nifty Is Showing an Opening between 23400-23500 based on the levels of Gift Nifty
There is a strong OI buildup of both weekly as well as monthly expiry at the levels of 23500 . It is possible to see some dip after the first opening .
A daily close above 23500 means we are opening for another 500 points of upside in next week
Good for Those who listened to our Analysis
And Bad for oversmart people
You can be average no problem but being oversmart ??
You dont belong to markets
All the noobs and trollers who think that market is going to go lower is just going to give huge liquidity to professional traders and bottom pickers
Large scale bottoms have alaways been accompanied by pessimistic behaviour all across the streets