Nifty Analysis

Technical :- #Nifty50 CPR 2 day relationship suggest a bullsh-to-sideways trend for the expiry ahead. Nifty might open around at 26,000 levels. A golden pivot zone at 29,950 area make it a good #support for the day and we can #bearish move only if this breaks. In the #resistance side there's nothing much to see just a minor resistance at 26,050 levels.

OI Data :- Open interest data shows a series of short covering on muplites put strikes which signifies a #bullish sentiment between traders. However, there's decent OI buildup of 85lac & 41lac at 26,000CE & 26,1000CE strike respectively which signals limited upside potential.