Nifty 50 IndexEducation
Nifty
Descending Triangle pattern has triggered. Target of this pattern is the length the pattern which is 10435 . Breaking down of 200 DMA (10777) and then the support line (trend line -10753) will make Nifty quite bearish.
OI Table: Bulls have reduced their holding on 11000 Put strike and shifted their focus on lower strikes -- 10500 (highest OI) and 10700 (second highest OI) Put strikes. (Any corrective upside may be used for creating short positions).
Surprisingly, bears have not escalated their positions on higher Call strikes which is generally noted on such a big fall!!
OI Table: Bulls have reduced their holding on 11000 Put strike and shifted their focus on lower strikes -- 10500 (highest OI) and 10700 (second highest OI) Put strikes. (Any corrective upside may be used for creating short positions).
Surprisingly, bears have not escalated their positions on higher Call strikes which is generally noted on such a big fall!!
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