NIFTY TODAY FORMED A MARUBOZU CANDLE STICK PATTERN ON A DAILY CHART. AS PER OPTION CHAIN 6000 CE IS HAVING HIGHER OI THAN 6000 PE WHICH IS SOMETHING SURPRISING AS VIX TOO HAS CLOSED IN GREEN. SO A CAUTIOUS APPROACH IS REQUIRED FOR BULLS. BUT STILL WE ARE BULLISH ON THE INDEX WITH REVISED SL OF 5980. AS LONG AS 5980 IS IN TACT TRADERS MUST STICK TO BUY ON DECLINE STRATEGY.
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