Nifty Analysis :
Nifty broke below 10700 today.
10700 was a very crucial level for nifty.
Breakdown can be seen on charts of nifty .
Level of 10640 -10590 is a level which is important to be defended by the bulls.
Incase market goes below 10590 then this fall can intensify till 10500.
If any bulls are able to defend 10590 successfully then 11200 will be the next possible target for nifty.
Open interest presents an interesting thing . In last 3 days - Change in open interest is negative regularly.
This means people are squaring off their long positions and short build up is not visible as of now.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.