Jokes apart, let's see what the charts say. I normally do not open systems on a Saturday, but this friday move, SGX dance and finally the fuel excise cut made me curious. Do read with a pinch of salt as my decision might be clouded by the fact that I am carrying longs 😎
Positive divergences on RSI and MFI
Trendline breakouts on RSI and MFI without breakout of trendline on price. This is what I call "advance breakouts:, where indicators signal ahead of price. Also note MACD, a notoriously lagging trend indicator has already turned
The 5 ema did not make a lower or equal low on Thursday low closing, rather made a higher low
My style of targeting, this is how this can play out on the upside
Nifty and BNF showed strong short covering on Friday
I will not post my option chain analysis. But let me give the gist :
FIIs are short PEs and long CEs. Market may rise without any fall in VIX.
Opposite views welcome but with logic. "mujhe lagta hai" is not a logic
FIIs are short PEs and long CEs. Market may rise without any fall in VIX.
Opposite views welcome but with logic. "mujhe lagta hai" is not a logic
Addition : mark the gap zone
More or less sure that VIX won't fall, rechecked
More or less sure that VIX won't fall, rechecked
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