IGI Logo

Nifty

The anticipated occurrence of a ‘Homing Pigeon’ candlestick near its 20 DEMA support zone, reconfirms the support as the trend reversal. A close in today’s sessions above 15050 should unlock another strong bullish momentum. Option data indicates strong bounds at 14900-15150 for todays session with OIPCR & VIX also indicating cool off. Hence traders may utilize the opportunity to build longs once a firm sign of reversal gets confirmed. As per seasonality factor data predominantly the month of march has mostly favoured the bulls & hence the ongoing decline may unfold fresh opportunities on the long side as the week progresses.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.tradebulls.in/Static/Disclaimer.aspx

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer