Nifty 50 IndexEducation
Nifty
a) Trading Gap is filled, b) 50% retracement is done, c) Negative Divergence is developing (yet to trigger). If divergence triggers, bulls will give up the hard battle. Price can even slide to the swing low for support.
OI Table is tilting on bulls. It has strong support at 10000 Put strike with highest position followed up by 10200 Put strike. Immediate resistance comes at 11000 Call strike. Price remaining above 200 DMA--10744 (critical support), will have bullish undertone.
OI Table is tilting on bulls. It has strong support at 10000 Put strike with highest position followed up by 10200 Put strike. Immediate resistance comes at 11000 Call strike. Price remaining above 200 DMA--10744 (critical support), will have bullish undertone.
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