Bearish NIFTY Analysis Options 04 OCT

٤ أكتوبر ٢٠٢٣

NIFTY is showing Bearishness. by looking at the data we can say it's going to be bearish for this week.
also intrest rates in US is also going to effect the market. because of the FII starts pulling their money form INDIAN market.
Reason:

1. NIFTY is down to the bearish line ZOne.
   
2. RSI showing very low Value means buyers are not trustung the market.
   
3. PCR 0.65 shows huge Bearishness
   

Verdict:
MArket is bearish

Plan of Action:
SELL 19350 PE + BUY 19400 PE