Nifty

Sep 6, 2018

OI Table study: Today bulls made some good effort to gain control by building strong positions at 11400 (highest Put OI) and 11500 (2nd highest OI) Put strikes. So it is worthwhile to ask if the correction has been a small and negligible aberration? Let us see how bulls fare for next couple of sessions. The range of 11500 to 11432 is crucial to hold. Resistance remains the same 11800. Minimum requirement is to stay above 5 DMA. This was missing today.