NIFTY FUT OI with decreasing volumes indicating short covering at lower levels. Despite Gap up opening NIFTY FUT failed to sustain at higher levels showing weakness.
NIFTY FUT OI down 8.14%, NIFTY FUT down 3.67% last week. Rollover of short positions also seen. 4700 CE indicates CALL writing on every rise.
NIFTY may break JAN's low this week (24th March-28th March).
NIFTY expiry target maybe below 4700
As per my view* NIFTY to trade around 4250 in short term.
Good Luck!
2 comments:
good views
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Rather amusing phrase
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