Nifty 18349 is trading in the resistance zone for the last 2 weeks as is at the upper resistance line .
On Friday, While PUT writers were active adding positions (around 4.5 laks) Call writers have windup their position mildly ( Around 15 k) and PCR at 1.08 suggests market participants bullish outlook.
Money makers have accumulate positions around 18335.
Hence we expect Nifty will be moved below this 18304-18335 zone on/before 17th expiry.
On Friday, While PUT writers were active adding positions (around 4.5 laks) Call writers have windup their position mildly ( Around 15 k) and PCR at 1.08 suggests market participants bullish outlook.
Money makers have accumulate positions around 18335.
Hence we expect Nifty will be moved below this 18304-18335 zone on/before 17th expiry.
Trade active:
Trade entered : Nifty 18334 : Nov Nifty 18400 PE @ 164 at 10:30