Alert! Nifty_50 possible healthy U-turn on cards
Publish_Date:04-Nov-2017 07:10 PM
Bulls be ready and wear your life jackets
Indices upside seems capped from here
This derivative Bull run seems ending
Bears has strong chance to take the grip
NIFTY17NOVFUT Calendar rollover level is near
Time to be Cautious
Maths suggesting exit longs and shift your focus to below 10400 level.(shown Dark Green zone in chart)
More precise level can be derived during market hours.
As Market Maker manipulate premium in case to go more high/low.
i.e. NIFTY17NOVFUT has strong chance of reversal from 10515-10530 level.(shown Dark Red zone in chart)
Statistically incase this idea do not start reflecting after hitting this price level on closing basis,
then scrap this idea or atleast minimize your overnight carry forward positions
Means, in case you do not see any selling pressure creeping in then exit from this maths idea.
This is NOT a time cycle zone, hence levels has much importance.
So probable levels and trajectory are derived on charts for your reference
For more detail explanation you may call also.
Will provide levels in live markets incase numbers are playing their maths
Stay tuned for more updates during market hours:
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Kindly feel free to ask your queries in comments section on this idea to add/take any new position.
So that this idea can be refined more.
Note:
-Other Red and Green levels are only for Nifty-levels-to-watch-for-06Nov2017
-This is not a Technical ananlysis.
-Idea is based on Option Chain, Option Greeks and Open Interest methodology.
Thank You,
Please keep on booking profits.
Happy Trading!