Expiry Special Analysis for 6th Aug'2020.
OI down by 1.39% and price up by 0.09%, shows FNO neutral setup and Doji formation on the daily chart shows indecision.
Today fall from 11:15 to 12:15 is due to shorting & long unwinding, long unwinding is a thing of worry.
Today is the second day in we made lower low (21,449) and higher high (21,933)
4th Aug LL:21,065 and HH:21,574
29th July to 3rd Aug:-
LH: 22,346/22,253/21,807/21,544
LL: 22,906/21,580/21,375/21,031
Today's high is 68.5% of the last wave of fall.
Decision Zone 21,449- 21,651
I posted yesterday "Pullback till 21,865 / 22,122/22,380 might be on cards till 20,065 holds."
Today's high was 21,933 was a swing high.
I won't make positional short until #banknifty closes below 21k or might be at much higher levels above 22k (where I will post).
Broadly speaking:- 21,000 to 23,000 is the range and below 22,000 we have negative & above positive.
Today fall from 11:15 to 12:15 is due to shorting & long unwinding, long unwinding is a thing of worry.
Today is the second day in we made lower low (21,449) and higher high (21,933)
4th Aug LL:21,065 and HH:21,574
29th July to 3rd Aug:-
LH: 22,346/22,253/21,807/21,544
LL: 22,906/21,580/21,375/21,031
Today's high is 68.5% of the last wave of fall.
Decision Zone 21,449- 21,651
I posted yesterday "Pullback till 21,865 / 22,122/22,380 might be on cards till 20,065 holds."
Today's high was 21,933 was a swing high.
I won't make positional short until #banknifty closes below 21k or might be at much higher levels above 22k (where I will post).
Broadly speaking:- 21,000 to 23,000 is the range and below 22,000 we have negative & above positive.
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