Correction due on expiry : Market Analysis: Feb 18 2021

       correction on expiry?

• Previous support level of 15250 broken multiple time last day
• Bearish momentum divergence seen on daily charts that could drag market to 15000 levels
• FIB retracement of last swing and window gap support is confluence with above levels
• Last candle on pitchfork channel support any fall from it is beginning of bearish move for short term
• All timeframe momentum continue to be in bullish zone
• Adx dm+ heading towards a cross over probably and less strength in trend
• open interest for expiry shows bearishness with highest writing see on 15300 levels and support level writing at 15000.DII sold more than FII bought for 2nd day
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