Nifty more likely to face selling at our resistance

VigneshkumarR Updated   
NSE:NIFTY   Nifty 50 Index
> Monday Morning SGX Nifty was showing some positive start.
> Our market gapped up because of this reason.
> We have seen that FII's where net buyers on Friday. Using todays gap they must have booked their profits.
> FII EOD data is negative today.
> Also nifty has strong OI support @ 14900. breaking 14900 can make a lot of put option sellers to unwind their positions.
> European and the US are down, Asia has only few index in green.
> Critical price area above, Watch support and resistance on the chart.
Nifty is likely to open gap down. Market will open below support. Watch for support around 14800


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.