Where are We? The derivatives data suggests the highest Call concentration and Call writing activity has been witnessed at 11,000 strike, followed by 11,200, which is likely to act as major resistance at the current juncture. The highest Put concentration and Put writing activity existed on 10,700 followed by 10,600 strike price, which signifies 10,700 and 10,600 are likely to act as support for March 2019 series. During the corrective action in recent past, the Nifty has manage ..
What is in Store? Nifty is trading in the range of 10,950-10,600 levels for the past 11 weeks indicating short-term consolidation. Last week, the index formed a small bullish candle carrying either side shadows, representing an absence of strength at current levels. The chart pattern suggests that if Nifty crosses and sustains above 10,915 — which is 50 per cent Fibonacci retracement level of the recent fall (11,118-10,585) levels — then it would witness fresh buying which would ..
What is in Store? Nifty is trading in the range of 10,950-10,600 levels for the past 11 weeks indicating short-term consolidation. Last week, the index formed a small bullish candle carrying either side shadows, representing an absence of strength at current levels. The chart pattern suggests that if Nifty crosses and sustains above 10,915 — which is 50 per cent Fibonacci retracement level of the recent fall (11,118-10,585) levels — then it would witness fresh buying which would ..
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