Nifty
Nifty made a sharp recovery from 50 DMA and halted ted below 200 DMA. It was a volatile day. A lot of short covering was seen due to expiry tomorrow.
This sharp rise can be deceptive. Trend remains down. We need to wait for two more days to see things with clarity. At least I don't have clarity at this moment. Levels can be given but they may not work.
OI Table: Bears reduced their position at 11000 Call by 1,399,575 shares, now OI stands at 4,399,725. Bulls too reduced their position at 10000 Put by 343,125
now it stands at 5,233,350. This indicates that both parties are unsure.
This sharp rise can be deceptive. Trend remains down. We need to wait for two more days to see things with clarity. At least I don't have clarity at this moment. Levels can be given but they may not work.
OI Table: Bears reduced their position at 11000 Call by 1,399,575 shares, now OI stands at 4,399,725. Bulls too reduced their position at 10000 Put by 343,125
now it stands at 5,233,350. This indicates that both parties are unsure.
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