NIFTY - STRONG SUPPORT SEEN AT 10000

2 בדצמ׳ 2017

NIFTY 10143

Derivative facts

1) Highest Call OI at 10500. Highest Call OI addition at 10300.
2) Higest Put OI at 10000. Highest Put OI addition at 10000.

Technical structure

Positives :

1) Nifty currently resting on the long term upward trend support line.
2) Nifty also resting on the previous support zone.
3) Nifty also resting on the Kumo cloud - Senkou Span A.

View :

As long as 10000 holds good, long position suggested.
A breach below 10000 would weaken the long bias.