NIFTY 7313

JUST 2 DAY BACK UPDATE NOT TO SHORT ANYTHING IN MKTS AND YESTEDAY UPDATED THAT 5880 IS THE RESISTANCE AND NIFTY KISSED 5878 AND CLOSED AT 5863......

 

 

NOW WHAT NEXT????

5700 PE IS HAVING HIGHET OI OF 95 LAKHS AND 5800 PE IS HAVING OI OF 81 LAKHS WITH ADDITION OF 10.5 LAKHS IN OI. SO THE BULLS AFTER CAPTURING 5700 LEVEL NOW TRYING TO HOLD 5800 LEVEL FIRMLY. ON THE OTHER HAND 6000 CE IS HAVING HIGHET OI OF 67 LAKHS WITH LIQUIDATION OF 4.5 LAKHS IN 5900 CE. SO PROFIT BOOKING WITNESSED AND BEARS WERE FORCED TO COVER SHORTS.

NOW WE MAY SEE TOUGH FIGHT BETWEEN BEARS AND BULLS FOR THE 5900 LEVEL.

NIFTY TREND IS NOW BULLISH AS LONG AS 5815 IS IN TACT..... SUPPORT NOW AT 5830.... RESISTANCE 5880 AND 5921.....

PROFIT BOOKING IS ADVISABLE AT THIS STAGE.....

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