Well managed Fin nifty expiry meant NIfty ended sideways, giving enough space for both the call writers and put writers to exit without much problems.
Nifty has shown some strength to close on par and near to the upper channel. if nifty opens on 26/7 around 19720 levels, will wait for it to test the channel and horizontal resistances. post retest, Nifty could see upper levels of 19780/800 while a break down back into the channel or a flat/gapdown opening could see nifty testing 19600/19550 levels
I am not SEBI registered RA.
these are my outlook and not an invite to trade. please use your due diligence before investing/trading
Nifty has shown some strength to close on par and near to the upper channel. if nifty opens on 26/7 around 19720 levels, will wait for it to test the channel and horizontal resistances. post retest, Nifty could see upper levels of 19780/800 while a break down back into the channel or a flat/gapdown opening could see nifty testing 19600/19550 levels
I am not SEBI registered RA.
these are my outlook and not an invite to trade. please use your due diligence before investing/trading