The pattern has changed from Megaphone to Wedge Pattern having potentiality to correct towards previous low. Yet we may hope that Nifty will take a decision at 200 DMA for trend direction.
OI Table: Bulls have developed some confidence to hold above 10500 for the time being. But bears are holding onto 11000 Call with highest OI-- strong resistance for bulls.
Nifty has retraced 25% from the recent low. Nifty is in consolidation mode.
OI Table: Bulls have developed some confidence to hold above 10500 for the time being. But bears are holding onto 11000 Call with highest OI-- strong resistance for bulls.
Nifty has retraced 25% from the recent low. Nifty is in consolidation mode.