Charts shown here is the 20 day Hourly chart for Nifty. For the coming session we could witness a momentum towards upside and the Nifty could test the 3153-3177 upper trendline
On the lower side, 2978 lower trendline would act as a nice support.
Related Readings and Observations
Bullish Put Writers bets on 5200
Finally High OI on 5200 PE(call writing) so bull operators hope lies on 5200.
Chart shown above is nifty hourly charts shows hourly positive breakout today with hourly […]
Marketcalls E-Book Shelf Source:
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Nifty Options Open Interest Update – July 2012 Nifty call writers for the current series marched from writing 5400CE series at the start of the series towards 5300CE and highest open interest is visible in 5300CE option stricke price. […]
Dow Jones Trading above 200 day MA
Dow Jones finally Closed above 200 day MA after a struggle for long time. Source:
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