NIFTY
MAX Pain has changed from 6200 to 6250
MAX OI is at 6200-6500. Yesterday it was 6200-6400.
For Today 6300/6350 is Bullish. 6400 is Bearish. So Follow a SELL on Highs strategy. Look for 6350 to change to Bearish, so that you can trade for a Breakdown of 50 points. Unless 6350 becomes bearish the fight will be at 6350
The intermediate Trend is down. The 60 min channel support is at 6240 and 15 min Channel support is at 6300.
From 6240-60, We can see another rally to 6500. 6250 is also the MAX Pain and so it will not go below 6250. Plan accordingly your Trades
MAX Pain has changed from 6200 to 6250
MAX OI is at 6200-6500. Yesterday it was 6200-6400.
For Today 6300/6350 is Bullish. 6400 is Bearish. So Follow a SELL on Highs strategy. Look for 6350 to change to Bearish, so that you can trade for a Breakdown of 50 points. Unless 6350 becomes bearish the fight will be at 6350
The intermediate Trend is down. The 60 min channel support is at 6240 and 15 min Channel support is at 6300.
From 6240-60, We can see another rally to 6500. 6250 is also the MAX Pain and so it will not go below 6250. Plan accordingly your Trades