📈 Nifty wrapped up the week on a positive note, climbing about 1% and keeping the bullish sentiment alive.
🔍 However, the daily chart reveals some hesitation, as the index struggles to stay above the 24,400 mark.
📊 Looking ahead, Nifty is likely to move sideways between 24,500 and 24,000, with heavy call writing at the top and put writing at the bottom, creating a tight trading range.
⚠️ Adding to the caution, the India VIX closed above 18, hinting at increased market Volatility.
💡 Bottom line: Traders should gear up for a volatile and range-bound week ahead. Stay sharp, stay strategic!
🔍 However, the daily chart reveals some hesitation, as the index struggles to stay above the 24,400 mark.
📊 Looking ahead, Nifty is likely to move sideways between 24,500 and 24,000, with heavy call writing at the top and put writing at the bottom, creating a tight trading range.
⚠️ Adding to the caution, the India VIX closed above 18, hinting at increased market Volatility.
💡 Bottom line: Traders should gear up for a volatile and range-bound week ahead. Stay sharp, stay strategic!
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t.me/GoodluckCapital
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bio.link/GoodluckCapital
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🌐 goodluckcapital.com
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
🎖️ SEBI registered INH300006582
🎖️ CMT(usa) & CFTe(usa) chartered
🎖️ NSE certified professionals
📈 Trading and Investment Advice
t.me/GoodluckCapital
🤝 Contact Us
bio.link/GoodluckCapital
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.