Option reading index for today is (-) 1.85 mild rise from last trading figure of (-) 1.88 suggests neutral to mild selling pressure. Keep in mind weekly view. You can read the post here
To Read Nifty PE - Maya continues, visit here
To Read Nifty PE - Maya continues, visit here
Ichimoku - Std Param
Price Trend - Neutral. Tenken, & Span B trending flat, Kijun & Span A trending down. Kumo Gap - 109 points. Resistance - 5592, 5602, 5610,5636. Support - 5522, 5490, 5478,5466. Kumo gap suggest increased volatility.
Chikou span trending along the line of Past Span A after resistance from 50 DMA curve line, possibility of narrow trading day.
Ichimoku - Short Param
Price Trend - Neutral. Tenken up. Kijun, Span Lines flat. Short term bullish shown by kumo crossover still to be followed up. Kumo Gap - 37 points. Resistance - 5592, 5602, 5640. Support - 5522, 5492, 5466. Possibility of price correction upto 5503. Narrow trading range.
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