the call writing is now shifted to 1800 with high OI.
The 20 and 200 day moving average is converging at these levels last see in 2009 and 2015.
Now we see strong support at 1720 which corresponds to 23.6 percent fibb levels.
If it comes close to these levels take a strict stop near 1705 and risk reward is favorable for this trade and also depends on how the verdict pans out in a couple of weeks.
The 20 and 200 day moving average is converging at these levels last see in 2009 and 2015.
Now we see strong support at 1720 which corresponds to 23.6 percent fibb levels.
If it comes close to these levels take a strict stop near 1705 and risk reward is favorable for this trade and also depends on how the verdict pans out in a couple of weeks.