drop2sachin

nifty buy near 10445 where there is good support and reversal is

Long
NSE:NIFTY   Nifty 50 Index
10445 is where support is there however trendline support is also there. There might be some forced downtrend to take SL and then a rally till 10900-11000.
The biggest OI is with 10500 PE and maximum addition is also done in it as of today's data so this might work as a good support on the call side 11000 CE has maximum OI and could be a good resistance region however 11200 and 11500 CE also has huge OI biggest addition is with 10900 and 11000 . although this month is just started and we have a long way to go which also could result in change of OI frequently especially if any external market trigger comes which is not yet discounted.
looks like market range could be 10500 to 11000 as per the current OI data.
Comment: if nifty does not cross 10510-15 then panic selling might come so buy above only those levels
Comment: going perfect with the chart...lets see where we get shorting opportunity
Comment: going good

Comments

yes indeed true i think the fall will stop at 10200 or around it as per the channel diagram . Then good opportunity for buy back . Bewware of bears and also bulls
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