NIFTY has formed Bearish Doji pattern after hitting the big round Number 9500. As expected in such situations when price hit such obvious psychological levels we will see a lot of Profit Booking.
Doji means the market is clueless right now
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Also GST prices and a lot of Results were being announced which added to the volatility.
The momentum of the Index is extremely bullish
EMA 20 & 50 Stay wide apart and bullish
OPTION STRATEGY : Bullish or Volatility Based Strategies would work great also end of the month premiums are going to be low so Debit Based strategies would give a better Risk- Reward ratio
Next Support : 9270 Next Resistance: 9541
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