Currently, Nifty 50 appears to be experiencing rejection on its chart. An upside movement should be anticipated only if Nifty 50 remains above this observed level. Conversely, it would be advisable to avoid purchasing options premiums, as they are likely to depreciate if the market consolidates within its current range.
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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.