Spot Nifty :
Spot Nifty could be negative if sustains below 7894 targets upto 7838-7806. If sustains below 7894 decay could be seen in 7900ce and 7800ce. Currently spot nifty resistance seen around 7984 levels. Above 7984 targets up to 8072 possible but not seen in this series with the current option build up. This may change if liquidation seen from 8000ce writers.
Spot Bank Nifty :
Spot Bank Nifty could be negative below 15894 targets up to 15678 possible. If sustains below 15894 decay could be seen in 15900ce and 15800ce for this series. If sustains above 15940 then possible targets up to 16020 but not seen in this series with the current option build up. This may change if liquidation seen from 16000ce writers.
S&P 500 :
Spot S&P 500 raise stop loss to 1975 and hold. Resistance is seen around 2003-2034 above which next resistance seen at 2063-2078 cluster zone.
Observation :
All the three Indices seen at big round numbers ie 2000, 8000 and 16000 levels making it a point to be looked at critically.
Happy Trading !!!
Spot Nifty could be negative if sustains below 7894 targets upto 7838-7806. If sustains below 7894 decay could be seen in 7900ce and 7800ce. Currently spot nifty resistance seen around 7984 levels. Above 7984 targets up to 8072 possible but not seen in this series with the current option build up. This may change if liquidation seen from 8000ce writers.
Spot Bank Nifty :
Spot Bank Nifty could be negative below 15894 targets up to 15678 possible. If sustains below 15894 decay could be seen in 15900ce and 15800ce for this series. If sustains above 15940 then possible targets up to 16020 but not seen in this series with the current option build up. This may change if liquidation seen from 16000ce writers.
S&P 500 :
Spot S&P 500 raise stop loss to 1975 and hold. Resistance is seen around 2003-2034 above which next resistance seen at 2063-2078 cluster zone.
Observation :
All the three Indices seen at big round numbers ie 2000, 8000 and 16000 levels making it a point to be looked at critically.
Happy Trading !!!
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