ParimalDevnath

Nifty, 200 DMA

Education
NSE:NIFTY   Nifty 50 Index
Nifty is stuck at 200 DMA. If Nifty moves above 200 DMA, resistance comes at 100 DMA and above 100 DMA, a Negative Divergence will be created and it will be the third consecutive Divergence. In case of Negative Divergence, bulls will not take a chance. Below 200 DMA, 50 DMA is providing strong support. So if the Contracting Triangle has to give a breakout either of the directions, these hurdles are to be overcome. OI Table is exactly reflecting this. Both sides (bulls and bears) are firmly holding onto their walls of resistance and support with almost same quantity of writings on Calls and Puts. Tough war. Indecision. No clarity.
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