NSE:NIFTY   Nifty 50 Index
Nifty may remain rangebound as per the study of OI Table. 11000 is the Highest OI in calls which indicates that bears have build strong position at this CE strike. So they have some upper hand. Bulls have shifted their position down from 10500 10200 Put strikes. There is a small negative divergence developing in Stochastic indicator which is not triggered yet. Price is managing to remain above 5 DMA. Long term trend is up though.
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