Bulls have been in control for the last couple of sessions, but this 24,180-24,200 zone is still proving to be a tough hurdle. Sellers are showing up every time price enters this area.
A clean close above it and we might see fresh momentum. If not, expect another pullback before the next attempt. What’s your bet, bhai breakout this time or one more rejection?
I think traders and investors are in very uncertainty phase right now. Because of war going on between US - IRAN, and any comment of Trump can change the decision of the war. Markets are still at that very uncertainty phase. So wait until full straits of hormoz open and Oil prices getting down.
"Jb tak sb sant nahi ho jata, tb tak market me movement nahi dekhne ko milega. Aaj bhi market was trading at very low volume and with falling IV. if you are an option seller then this is your market but, if you are an option buyer or Directional seller then I think you should stay away from the market this week. Because “market me movement milenge but koi clear direction aane do” with high volume and support from geopolitical side and microeconomics support.
Believe me or not but this is true that, microeconomics plays a very big role in financial market. So wait for good opportunity don’t be in hurry. Save your capital until some good opportunity comes in the market.
Trade Safe, Good luck.
