As we expected nifty continued its downtrend. Nifty was volatile due to RBI policy and fell even after a rate cut of 0.35
bps. 0.25 was already factored in. But bulls couldnt break resistance and after a small consolidation nifty fell almost 100 points. Till now there is no sign of bullishness. Tomorrow is weekly expiry and Open interest data is also showing strong resistance at 11000. max pain is at 10900. Put unwinding also shows nifty may expire below 11000.TO OPEN UPSTOX ACCOUNT CLICK BELOW
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Disclaimer: Author is not a sebi registered analyst. Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Please study thoroughly before enter or exit the trade.
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