Nifty and Bank Nifty on the 90 min charts is in buy mode with supports coming around 5378 and 10400 repectively. Shorts should be initiated only if the support bbreaks. And also the today Higher open interest shifts from 5200PE to 5300PE which indicates put writers are bullish on holding 5300 on EOD basis for the current option series.
Related Readings and Observations
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