From the ATH of 26151 Nifty is almost reaching its 10% correction value @ 22635
Area of 22650 to 750 also happens to be the last strongest support point
At this level it can be make or break situation for nifty
Will be good to take a bullish bet with 22600 as ultimate SL(Closing basis) as the PE premiums are soaring high
It may be a risky call but Risk to Reward is excellent
Will wait for the index to show some clarity in lower time frames (15 / 30/ 60 m)
Area of 22650 to 750 also happens to be the last strongest support point
At this level it can be make or break situation for nifty
Will be good to take a bullish bet with 22600 as ultimate SL(Closing basis) as the PE premiums are soaring high
It may be a risky call but Risk to Reward is excellent
Will wait for the index to show some clarity in lower time frames (15 / 30/ 60 m)
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