As We can see in the chart in 1hr timeframe open interest build up on level 16000,16100
this area will act as a support if nifty fall, terget will be on harmonic 1.6 level active if cross point B after crossing 16400-16450 level.
on price scale pe side has low momentum and ce side is fast and big momentum, so as per price we can go long or buy CE.
Shorting oppertunity will happen if cross 15750-15700 level otherwise do not go for shorting and pe buying..
this area will act as a support if nifty fall, terget will be on harmonic 1.6 level active if cross point B after crossing 16400-16450 level.
on price scale pe side has low momentum and ce side is fast and big momentum, so as per price we can go long or buy CE.
Shorting oppertunity will happen if cross 15750-15700 level otherwise do not go for shorting and pe buying..
