hitendravasudeo

                                                         BANK NIFTY  44700 CALL 27th JULY 2023 Red Candle is because Open Interest Increased with the fall and negative candle which indicates addition of short position on EOD. In such situation objective remains to exit long and sell on last close or above or at R1 or above keeping in mind 2 days highest high as the stop loss. If at closing time after 3.00 pm or later if price is above the 2 days high, then enter long. Try at 3.15 or later or last few minutes closing time. When Green is seen on the chart. Open Interest increased with the rise and positive candle which indicates addition of long position. Plugin for the same is available can be contract for MS users.

Dated 03/04/2023.   PUT Chart Oversold 17400 27 APRIL 2023 PUT 200 BB LB around 86 and base price till now has been around 100. After testing this level if oversold exit is witnessed with volume during market time, then expect correction from higher level. This may benefit put buying.  Once oversold exit is witnessed then maintain the low registered till now as stop loss. The resistance gap on NF is at 17621-17750.  If the gap is tested, then traders can look out for put of 17600 and 17700 as the opportunity is witnessed as they become ATM.