A Hanging Man Candlestick is visible which needs confirmation. OI Table is favorable to bulls. There is strong support at 11400 and 11500 Puts. Bulls have started unwinding their position at 11000 and shifting focus at 11400 and 11500 Puts. Bears have been consistently unwinding at 11300 and 11400 levels and now shifting focus at 11600 Calls. Nifty is a breakout stock and rising in an uprising channel.
Any correction may be bought out. In other words, dips may see short covering till the support of the rising channel is held. It is possible that Nifty will be pushed towards 11650 to 11700 levels in the expiry week.
Any correction may be bought out. In other words, dips may see short covering till the support of the rising channel is held. It is possible that Nifty will be pushed towards 11650 to 11700 levels in the expiry week.