I answered i view Nifty channel the most. .................... :)
Nifty is moving in the rising channel with lower band around @ 4800 & upper band nearing 5550.
Can Bulls push Nifty towards the upper line before giving in to the bears.
Dow & Nasdaq are almost 1% up at this time & expiry volatility will be on peak.
OI in Nifty 4200 PE has increased indicating a bearish picture, but is this the first time this kind of picture is being created ?
Hmmmmmm.....
Time is the best judge.
Please go through the disclaimer mentioned elsewhere on the blog.
Disclosure : No positions in Nifty F&O.
P.S. : After surpassing 18,000/- Gold hit 19,000/- mark today. Just few steps away from 20,000/- the second target. It was too fast than i expected.
Due to Professional commitment i am not able to post Bullion chart.
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