#Nifty View on Feb 9th
#Nifty View on Feb 9th
TF = 1 HR
Chart analysis:
There is no bullish divergence yet, so caution to be go long and it closed nearly to strong resistance at 17250.
OI Analysis:
17400 put writers were squaring off to their existing position and 17300 has good resistance as major OI built from call writers.
17000 has an enough OI built from put writers, it could be treated as major support.
View: Sideways to bearish.
TF = 1 HR
Chart analysis:
There is no bullish divergence yet, so caution to be go long and it closed nearly to strong resistance at 17250.
OI Analysis:
17400 put writers were squaring off to their existing position and 17300 has good resistance as major OI built from call writers.
17000 has an enough OI built from put writers, it could be treated as major support.
View: Sideways to bearish.
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