Bearish descending triangle formed..
The futures and options volume (not on trading view but based on NSE end of day reports) point to increase in future OI and Volume therefore indicating a strong interest in short.
Options suggest that around 1550 is a good resistance.
If the price retraces - one can take a short position first at 1520-25 then at 1550..
The futures and options volume (not on trading view but based on NSE end of day reports) point to increase in future OI and Volume therefore indicating a strong interest in short.
Options suggest that around 1550 is a good resistance.
If the price retraces - one can take a short position first at 1520-25 then at 1550..