1. Last Top
2. Followed by .
3. Close below
4. via gap down opening
5. Pullback resisted @ .386 .
Signals of Topping Out
6. Initial signals of near term top - Break below previous bottom( 10601.60, by long range Candle,
Index has good support @ 10500 levels, Fibonacci Phi 3.14 stands at 10505 levels.
On the options front, maximum Put open interest stood at 10,500 followed by 10,600, while maximum Call OI was at 11,000 followed by 10,800. Significant Put writing was seen at 10,400 while fresh Call writing was seen from strike price 10,600 to 10,700.
Near Term Resistance @ 10600 and