OI in Nifty futures dropped significantly to about 17 million today and VIX hovering around the 26 mark
Critical levels and outlook remain unchanged for Nifty and BankNifty; Monday's close is crucial and bulls desperately need a close above 5032 on Monday and that seems highly unlikely with today's price action. If that is the case, we perhaps need to brace for some more range bound moves until 20th June as well
On downside, 4800 holds the key [4750 is the last hope for bulls to achieve 5630-5740+ by Diwali]
Over the last couple of sessions, I have been getting queries on Tata Motors and allow me to put forth the chart and potential labels on lower time frames
Critical levels and outlook remain unchanged for Nifty and BankNifty; Monday's close is crucial and bulls desperately need a close above 5032 on Monday and that seems highly unlikely with today's price action. If that is the case, we perhaps need to brace for some more range bound moves until 20th June as well
On downside, 4800 holds the key [4750 is the last hope for bulls to achieve 5630-5740+ by Diwali]
Over the last couple of sessions, I have been getting queries on Tata Motors and allow me to put forth the chart and potential labels on lower time frames
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