Immediate resistance for Nifty is the previous high at 10703. The second resistance is at the trading Gap (10754--10829) and 200 DMA (10765). Bulls showed good strength during last 5 sessions followed by two months of steady fall. 200 DMA will be the real test for bulls.
5 DMA is crossing 9 and 15 DMAs on the upside which is giving strength to long trades.
OI Table: OI Table has bullish bias. Option Pain chart is turning in favor of the bulls. Bulls have created strong support at 10000 level by writing heavily at 10000 Put --highest OI--for the current series. So it is highly likely that this level will be saved for November series.
5 DMA is crossing 9 and 15 DMAs on the upside which is giving strength to long trades.
OI Table: OI Table has bullish bias. Option Pain chart is turning in favor of the bulls. Bulls have created strong support at 10000 level by writing heavily at 10000 Put --highest OI--for the current series. So it is highly likely that this level will be saved for November series.