Nifty has been hovering around the upperband now and the moment there is a breakout of the range, a pull back immediately follows.
It is one more session to go for this expiry. The build up in near strike puts and calls are all equally poised and it is not giving any decisive indication.
A move towards 5295 levels is imminent and it is better to rollover longs to the next series, if that does not happen in december as a strong breakout is expected any time soon.
Resistance levels : 5197, 5217, 5235
Support levels : 5161, 5145, 5128
Happy Trading
www.tripleint.com
1 comment:
Missed getting the intraday Nifty chart due to system issue. If anyone has that for yesterday, please send and I can update that.
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