1. As per option chain data. Too much change in Open Interest on PUT side indicate that market is bullish.
2. But nifty hitted the upper side of the up moving channel. This indicates that nifty will fall soon. I am also bearish on the same.
3. SELL BELOW 14513 TARGET 14471 , 14413
1. Nifty chart indicate the price hitted the upper channel of the up moving channel.
2. But option chain data indicate that nifty will rise to 14650 too much change in PUT Open interest.
3. But, I expect nifty will fall as nifty hitted the channel for third time , which complete it's three drive pattern.
4. SELL BELOW 14