NSE:NIFTY   Nifty 50 Index
Hourly chart. Breakout has been in place after three days of consolidation. Now resistance of previous high has made the bulls wary of crossing the resistance zone. So it was another day of consolidation and profit booking. As per OI Table 11000 Call is the resistance. But bulls have created huge positions at 10700, 10800 and 10900 Puts out pacing the bears. Our target of iii wave placed at 11090 is possible if resistance of 11000 is conquered by bulls.
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