11500 strike is the nearest support as per OI Table. If this level is broken, bears will get more power. Highest OI is 11800 Call strike. So more correction is in the pipeline. Bulls have been at the backfoot since they have unwound their position at lower levels-- even 11000 Puts are squeezed significantly. Nifty closed below 15 DMA.
In last six days a large number of front line stocks have made significant correction. More correction may come by.
In last six days a large number of front line stocks have made significant correction. More correction may come by.