NSE:NIFTY   Nifty 50 Index
Is Nifty reversing? May be, may not be. But there are at least two technical factors pushed the price up. One, Oversold TA and secondly, bulls are holding onto the highest OI at 11000 Put strike. So bears tried twice to pull down Nifty below 11000 but could not succeed. Expiry is at short distance. India VIX has reduced its intensity. If bulls can save 11000 for tomorrow, we may see possible reversal. 11200 remains a strong resistance.


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