ParimalDevnath

Nifty, Consolidation

Long
NSE:NIFTY   Nifty 50 Index
Nifty is stuck in a range at the upper end of the chart. Yesterday Nifty did not do anything. As per OI Table bulls are holding onto 10700 Puts with highest OI and bears are sticking to 11000 Calls (second highest). So the range is small. It is a fight of tug of war. In other words, it is time correction. It means, there is less price correction but a lot of time being spent. There was a chance of Negative Divergence, but the same is not visible. Major trend is up. International cues are negative.
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