Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish engulfing at support and seems to be a bullish reversal. Moreover, there seems to be a RSI divergence as well. The relative strength compared to Nifty seems to be weak though which is a negative point.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.