1. I expect Nifty is getting ready for another fall.
2. On Nifty Hour Chart last few candles trying to form a Formation. Currently, it may be looking like an Formation.
3. If Triangle formation break out happens then to Nifty may rise to from the last steep fall. Marked with .
4. Soon, 50Days MA act like the major resistance to go long with nifty . 100Days MA act as the support for the same.
5. But, Change in Put OI @11700 in the Maximum (Major ). Change in Call OI at 11800 , 11900 , 12000 is almost double to as compare to the change in PUT OI 11600 , 11500 , 11400 , 11300.
6. Don't be in hurry to make the Entry wait for out happen.
7. Sell Below 11742 Target: 11725 , 11705