Nifty March 11 market round-up

Nifty has breakdown from the zone with high volume

Nifty Future OI has reduced from 12.8m to 12.6m suggests exiting of retail market participants

NIfty Put Option OI data suggests profit booking

While Nifty CE option OI increased in 22500 , OI Value increased in 22400 suggests short selling of 22500 an buying interest coming in 22400.

Based on above, we expect Nifty will further fall down to 22180-22080

Comment:

While 22400 PE showing buying interest 22500 CE covering shorts makes nifty to move high
22440 expected to act as resistance

Comment:

Buying interest coming in @ 22300CE. We feel Nifty is trapping buyers.