INDIA PANEL SAYS NEW REGULATIONS SHOULD INCLUDE MEASURES TO HELP ADDICTED, 'RESPONSIBLE ADVERTISING'
INDIA PANEL SAYS NEW REGULATIONS SHOULD INCLUDE MEASURES TO HELP ADDICTED, 'RESPONSIBLE ADVERTISING'
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From a technical perspective, NIFTY structure seems to be showing weakness.
Markets opened gap down and bears were in control throughout the day today. Tomorrow being an expiry day, a reversal to the upside would be highly unlikely.
OI Analysis:
Today, NIFTY witnessed high CE writing at strikes of 14700 and 14600 which will act as very strong resistances for tomorrow and these levels are very unlikely to be broken.
Highest OI in Calls: 15000
Highest OI in Puts: 14000
3/3
Sometimes the price just stops and hovers in a narrow range around a particular level, but just as often the price moves in the opposite direction for a while as traders take profits or cut losses as the case may be.
1/3
Retracements don’t really come out of the blue. Usually a retracement is a function of traders seeing too much of a one-way street — all buyers and no sellers, or the other way around. When a position is crowded, at some point prices just stops moving.