Nifty Analysis
Technical :- #Nifty50 CPR 2 day relationship suggest a bullsh-to-sideways trend for the expiry ahead. Nifty might open around at 26,000 levels. A golden pivot zone at 29,950 area make it a good #support for the day and we can #bearish move only if this breaks. In the #resistance side there's nothing much to see just a minor resistance at 26,050 levels.
OI Data :- Open interest data shows a series of short covering on muplites put strikes which signifies a #bullish sentiment between traders. However, there's decent OI buildup of 85lac & 41lac at 26,000CE & 26,1000CE strike respectively which signals limited upside potential.
OI Data :- Open interest data shows a series of short covering on muplites put strikes which signifies a #bullish sentiment between traders. However, there's decent OI buildup of 85lac & 41lac at 26,000CE & 26,1000CE strike respectively which signals limited upside potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.