- Hit the FIB extension target of 15250 ,made all time high and the revered with heavy sell off in last one hour closing
with a red small body candle closing below previous day low The pitch for top channel was hit as well.
Gap support exist at 15015-40 levels
The fib retracement of last two swings a 23% support at 14850 and 14750 levels
The upside targets could be another hit on last switch pitchfork top 15300 and if that is broken coming days
could rally towards 15770.
Nifty futures data shows it is "long unwinding" where both OI and price decrease is seen which could be a slight
bearish indication.
Open interest for options dat for upcoming weekly expiry has resistances seen highest resistance at 15500 and support at 15000 and PCR is bullish level of 1.11.Monthlt expiry large put writing seen at 14000K which may be worst
fall expected while upside call writing seen at 16000 levels too..(can u believe it)
VIX moved up more than 4% in last 3 days indicating greed fear that could lead to volatile moves like today
any time during day. IVP is 50% times fallen below during last one year current IV and is still below Historic iv
levels which may be still in favor of option buying
FII buying continue and selling was more by DII's today.