Is Nifty reversing? May be, may not be. But there are at least two technical factors pushed the price up. One, Oversold TA and secondly, bulls are holding onto the highest OI at 11000 Put strike. So bears tried twice to pull down Nifty below 11000 but could not succeed. Expiry is at short distance. India VIX has reduced its intensity. If bulls can save 11000 for...
pcj can be a good long if it sustains the current level.fundamentally this is very risky but can give good rewards.
Personal View Only for Educational and study purpose.
Monday's Session 11088 looks crucial. As long as stays above that -> expect Expiry pullback rally.
Closed above 11330. can lift 11470+ level.
in Near term: DN Side Capping Zone 10861 - 10802 (Spot).
Closing below 2 consecutive days ..................
...... Fut & Spot levels mentioned & plotted on chart.
Education purpose only.
Ref : Various announcement from CenBank. (Impacted Market negatively, like: BANK of Baroda - Vijaya Bank - Dena Bank merger). Super-active decision relating to Yes bank (two announcement in same EXP. First one before 1st trading day & second one in Holiday - Muharram)
On Last session FPI invested 700+ Cr.
Announcement made by CenBank regarding FPI / NRI...
