Targeting sub 10000 level-- the previous low. Yesterday's lift of 160 points was a bull trap. Bearish below 200 DMA and rising channel. Any price rise/ retracement/correction will be sold out until there are strong and convincing technical signals emerging on weekly and monthly charts. And this should take lot of time.
On daily chart RSI14 is developing a Positive Divergence.
OI Table: Some changes are noticed today on OI Table. Bears have increased their grip on 11000 Calls whereas bulls have reduced their position on 10000 Put. This is one more reason why bears are confident to take Nifty below 10000.
On daily chart RSI14 is developing a Positive Divergence.
OI Table: Some changes are noticed today on OI Table. Bears have increased their grip on 11000 Calls whereas bulls have reduced their position on 10000 Put. This is one more reason why bears are confident to take Nifty below 10000.