Open Interest for Nifty put options of 5700 and 5800 are 13.06 and 35.79 respectively. So it's clear that market will have a good upmove intraday. Now how much upmove will happen will be determined by the hourly pivot analysis.
Nifty touched intraday high at 5853 and it seems the resistence at this point is 5851 and the support is 5831. Oil has slowed down due to Goldman Sach's call to sell oil. But traders are skeptical about oil price as Libya is in stalemate situation.
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| Pivot analysis at 12-00 |
Nifty touched intraday high at 5853 and it seems the resistence at this point is 5851 and the support is 5831. Oil has slowed down due to Goldman Sach's call to sell oil. But traders are skeptical about oil price as Libya is in stalemate situation.
1 comment:
Nifty broke SAR of 5875 so its a reversal trigger now. It may rech to 5853 for shorts.
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