NIFTY 50 future TRENDS

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option data point to expiry around 5100, lets c...
its a catch 22 situation: chart undertone bullish evidently (intra & eod) but 5200 CEs very high OI, thus till tomo crossing 5200 is not in interest of smart money ? but june qtr ending nav so till next week any move is not very trust worthy...
closed right in the middle, taking oout 5200 up & 5100 down was imposs...thus safezone, lol :thumb:
 
Nifty from the bottom 4770 to 5030 made half skip and jump game in just 4 trading sessions
then grinned with in 150 point and end the series day as flat as it can... very rare event...
Today's close 5147 is at TL support... tomorrow fail to trade above this ..down targets as per One months FIBO. retracement levels
 

sudoku1

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NIFTY spot Resisted once again at the TL from 5629.Resistance now at 5155.
Oscillators showing waning momentum.
Trend deciders placed at 5222-5077.

on haf hourly chart a descending triangle seems to be forming with support at 5099 and resistance at 5155 for the day.This is a bearish pattern so holding 5088 is crucial.
 
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