Crude Oil (MCX): Wednesday - 30/11/22
CrudeOil is Range bound. Why? See the OI Data:
CMP: 6520.
From 6600 to 7000 -> 16K Call writings.
In 6500: 3.2K Put
In 6400: 3.1L Put
Now Technical Levels:
Support: 6400, 6325, 6200
Resistance: 6550, 6675, 6750, 6875.
Long Trade only above: 6600 (if sustains above for 15m)
Short only below: 6325.
CMP: 6520.
From 6600 to 7000 -> 16K Call writings.
In 6500: 3.2K Put
In 6400: 3.1L Put
Now Technical Levels:
Support: 6400, 6325, 6200
Resistance: 6550, 6675, 6750, 6875.
Long Trade only above: 6600 (if sustains above for 15m)
Short only below: 6325.
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