analysis is working now trying to sustain 10940 level
SharemarketRaja
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5) Option chain data is telling put side ITM contracts writing(@10900, 11000) to eat premium by expecting up move & Call side OTM side shows high OI & Change in OI indication call option buying at multiple levels 10900, 11000, 11200 by expecting up move
SharemarketRaja
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4) NSE Adv/Dec = 1.8 > 1 - Bullish sign
SharemarketRaja
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Up Move Reason
1) Lower time frame 1H Head & Shoulder Pattern - Bullish to complete the right shoulder
2) Higher time frame 1D VWMA facing Up but Price Down which indicates down move is volume supported so down move may not sustain
3) Gold decreasing