Nifty 50 IndexEducation
Nifty 200 DMA
100 DMA is 10855, 200 DMA is 10802 and 50 DMA is 10710. On closing basis Nifty should break either 100 DMA or 50 DMA to give meaningful trade.
Union budget is to be tabled in 15 days time. It is observed that in general, before the budget market cuts down a lot.
Though OI Table is slightly tilting in favour of bears, but bulls have not yet lost the battle. Bears have built the highest OI at 11000 Call and bulls have reduced their strong positions at 10700 (immediate support) and 10500 Puts. Bulls are also holding onto 10000 Put.
Union budget is to be tabled in 15 days time. It is observed that in general, before the budget market cuts down a lot.
Though OI Table is slightly tilting in favour of bears, but bulls have not yet lost the battle. Bears have built the highest OI at 11000 Call and bulls have reduced their strong positions at 10700 (immediate support) and 10500 Puts. Bulls are also holding onto 10000 Put.
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