As expected nifty continued its higher top and higher bottom formation and nifty convincingly close above 420 and made a new high (11500).
but as we noticed from last 3 trading sessions today also nifty did not cross day high ( indicate nifty still trapped and untill its convincingly close above 11500).
today nifty carrying a huge OI (3617400) at 11500 change in OI(-77625) which is act as immediate Resistance for nifty and the next resistance is on 11600 which hold OI(2930100) change in OI(227550).
Overall for Tuesday 11500 as immediate resistance and 11400 as immediate support, If nifty trade above or below these level than only initiate your trade in NIFTY INDEX.
Disclaimer:- DO your own Research Before investing, Trade on your own Risk
but as we noticed from last 3 trading sessions today also nifty did not cross day high ( indicate nifty still trapped and untill its convincingly close above 11500).
today nifty carrying a huge OI (3617400) at 11500 change in OI(-77625) which is act as immediate Resistance for nifty and the next resistance is on 11600 which hold OI(2930100) change in OI(227550).
Overall for Tuesday 11500 as immediate resistance and 11400 as immediate support, If nifty trade above or below these level than only initiate your trade in NIFTY INDEX.
Disclaimer:- DO your own Research Before investing, Trade on your own Risk