Second day of consolidation cum pause, range bound move with a bearish undertone after a massive fall. Target marked is to come by. There is no sign of reversal.
OI Table: Nothing has changed on OI front. 11000 Call has the highest OI implying steep resistance for the current series. 10000 Put is the second highest Put OI. This is immediate support. Bulls will find it quite difficult to cross 10500 level. Selling pressure increase at around 10450-60 level. For last 4 sessions price did not even try to correct towards 5 DMA. This shows severe weakness.
OI Table: Nothing has changed on OI front. 11000 Call has the highest OI implying steep resistance for the current series. 10000 Put is the second highest Put OI. This is immediate support. Bulls will find it quite difficult to cross 10500 level. Selling pressure increase at around 10450-60 level. For last 4 sessions price did not even try to correct towards 5 DMA. This shows severe weakness.