Nifty Hourly Chart
Greek Parliament passes key austerity package is the latest headlines(Buy on Rumors and Sell on News will this again show it effect)
Nifty is rising from past 5 days 🙂 Last time in remember Nifty rose from 9 days in a Row
Expiry Jitters tomorrow and volatile session is on its way.
Lets looks at Nifty Hourly chart
Straight line rise in Index. Moving in a vertical Channel as shown in above chart and never go against the market by shorting a strong market.
Negative divergence are observed in All Indicators but do not short till price goes down below 5575.
Nifty Daily Chart
We are near the crucial resistance of 5610 and today’s high is 5608. A formation of triple top is visible. This level has kept market under stress from past 3 months.
If we the fibo retracement from high of 6344 and low of 5180 5625 is 38.2% retracement which should be next level of resistance.
Nifty Open Interest
As per Nifty OI 5700 CE is wall of resistance and 5500 PE is level of support.
Nifty Expiry Range on Lower side :5543.40
The above are expected Nifty expiry Levels as per my calculation and Please do not take them as a Trade Recommendation.
Levels for tommrow
Buy above 5609 Tgt 5625,5657
Sell below 5575 TGt 5566,5549 and 5532
Levels mentioned are SPOT Levels.