today's move was totally short covering and nothing more.As it was weekly expiry there's nothing
in option_index data except there was 3525 Index_Future long and 11060 short covering from FII's.
For NIFTY reliance is the light and for banknifty 35000 is the resistance once it crosses we will look towards 36000. 35000 is a psychological resistance and 35000 ce has highest OI. Let us see if this monthly expiry proves to be a positive one and index breaks out of the channel.
Happy learning folks
in option_index data except there was 3525 Index_Future long and 11060 short covering from FII's.
For NIFTY reliance is the light and for banknifty 35000 is the resistance once it crosses we will look towards 36000. 35000 is a psychological resistance and 35000 ce has highest OI. Let us see if this monthly expiry proves to be a positive one and index breaks out of the channel.
Happy learning folks