Day chart shows a bullish engulfing pattern candle. Huge Put side Open Interest at 16600 would give support at the lower side, but if it breaks then next support is at 16483. in the upper side minor resistance at 16660 and once it crosses 16700 where large call option open interests have been written, then it is expected to ride across to 16853.
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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.