INSUBCONTINENT EXCLUSIVE:
The 50-pack opened with a gap down and remained volatile through the session before closing 60.75 points down at 10,741
The index opened the day at 10,751 and touched an intraday high and low of 10,790 and 10,699, respectively
session and closed below the low point of the previous session, indicating a negative bias.
Milan Vaishnav, Technical Analyst, Gemstone
In the process, it formed a Spinning Top of the chart
If Nifty manages to defend the low point of 10,699, it may see some technical pullback
Research Trading Advisory, Chartviewindia.in said the index may continue to remain uncertain and vulnerable to the political developments
maximum Put open interest (OI) stood at 10,500 followed by 10,700, while maximum Call OI was at 11,000 followed by 10,800
There was Put unwinding at strike price 10,800, followed by 10,700 while Call writing was seen at strike prices 10,800 and 10,900
Options data suggests an immediate trading range between 10,650 and 10,888, said Chandan Taparia, Derivatives Technical Analyst, Motilal
