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Nifty Closes Below 10900 For The First Time In February, is it a Sell Signal?

in.investing.com/analysis/nifty-closes-below-10900-for-the-1st-time-in-february-is-it-a-sell-signal-200207645
Nifty Closes Below 10900 For The First Time In February, is it a Sell Signal?
By AMPLIFY Financial Course   |  Feb 12, 2019 16:55
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India’s benchmark Nifty 50 has closed below 10900 for the first time in the February contract. The index has slipped 216 points in the last three trading sessions after it formed a shooting star pattern on the 8th of February. In today’s session buying was witnessed in Put options around 10915 approx. Nifty has closed at 10859 today, which is marginally above today’s range low. If the index breaks tomorrow’s range low, it might trigger a selling trend and scale down to 10733 approx.

Nifty Options Data
Nifty Options Data


The Outlook for 13th February 2019
Nifty Daily Chart Levels
In today’s session, Nifty Future slipped 82 points intraday. The index has closed below 10900 for the first time in the February contract. Buying was witnessed in Put options around 10915 approx. Today’s closing of 10859 is marginally above today’s range low. Going forward, Nifty is likely to trigger a trend change and scale down to 10733 approx. if it trades below tomorrow’s range low. On the other hand, if the index trades above tomorrow’s range high, it might scale up to 10976 approx.

Nifty Hourly Chart Levels
In the hourly session, Spot Nifty has closed around 10831 approx. The index is likely to face resistance around tomorrow’s range high. If Nifty trades below tomorrow’s hourly range low, it might scale down to 10800 approx. On the other hand, if Nifty trades above, tomorrow’s hourly range high, it will scale up to 10960 approx.

Nifty Share Price Technical Grid
Nifty Share Price Technical Grid

Bank Nifty Options Data

Bank Nifty Options Data
Bank Nifty Options Data

SELF LEARNING GUIDE
How to calculate the“Range” of Nifty
Calculate Delta Neutral zones for the next trading day using “Black Scholes Model”
What is the Black Scholes Model?
The Black Scholes model is a model of price variation over time of financial instruments. The model assumes the price of heavily traded assets follows a geometric Brownian motion with constant drift and volatility. When applied to options, the model incorporates the constant price variation, the time value of money, the option's strike price, and the time to the options expiry.

ORIGINAL POST

Nifty Closes Below 10900 For The First Time In February, is it a Sell Signal?
 
Nifty Closes Below 10900 For The First Time In February, is it a Sell Signal?

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Sheikh Anis
Sheikh Anis Feb 12, 2019 20:14
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Relisnce, reliable or not for 2-3 months?
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AMPLIFY Financial Course
AMPLIFY Financial Course Feb 12, 2019 20:14
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We are coming up with stock reports soon.
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Baskar Bas
Baskar Bas Feb 12, 2019 17:42
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Any update on dish tv ?
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AMPLIFY Financial Course Feb 12, 2019 17:42
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Stock reports will be published soon.
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