NIFTY Daily

18600 breached with put OI buildup

18700 seems to be holding as a resistance for now, with call OI buildup

market seems to be consolidating before making strong moves, could be because of fed policy today

if markets react negatively and start bearish price action on Monday, we may see a head & shoulder pattern playing out

If markets breach 18700 on monday, we may see bullish momentum till 19000

credit or debit spreads could be planned accordingly

rsi showing bullish RD, but bearish divergences have failed in last few months, hence not attributing much importance to it

ema 5 taking support of ema 13 regularly

one thing is clear, buyers are back in huge numbers as compared to last week
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