High and Tight Flag on a straight Flag Pole. If a breakout happens, target may be about 100 points from the top of the Flag. However, at that target a negative Divergence will be seen which may encourage profit booking.
OI Table: 10000 Put and 11000 Call -- both strikes are almost at the same height. This indicated rangebound move. 10500 Put has increased position and hence this will act as logical support if market slides below1 200 DMA.
India VIX has come down towards 16 which means that due to forthcoming yearend holidays, big traders will not participate much.
OI Table: 10000 Put and 11000 Call -- both strikes are almost at the same height. This indicated rangebound move. 10500 Put has increased position and hence this will act as logical support if market slides below1 200 DMA.
India VIX has come down towards 16 which means that due to forthcoming yearend holidays, big traders will not participate much.