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FINNIFTY FOR EXPIRY 08AUG23 TO REACH 20370-470

Oleh roythayyil
By Expiry on 8AUG, FINNIFTY to reach 20370-470

My Reasons to believe so
  • Friday witnessed buying from levels 19850 to 19990.
  • At the end of the day on option chain, Call buying could be seen upto 19800, indicating positive mood for Monday, given that premium decay during weekend is taken into consideration.
  • By evening, US markets are in the solid green
  • Bearish sentiments seem to have abated for now, looking at how markets across the globe is behaving.
  • There will be an attempt to stay above the well-respected trendline, meaning to climb above 20370.
Chart PatternsTrend Analysis
roythayyil

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