5600 CALL MARCH ADDED HIGHEST 696300 OPEN INTEREST TODAY.5300 PUT MARCH 692100 SHARES IN OPEN INTEREST. THIS DATA IS INDICATING THAT THERE IS NO FALL BELLOW 5300 FURTHER. FII BUY FIGURE IS VERY SURPRISINGLY TODAY. THEY HAVE BOUGHT ALMOST 800 CRORE IN CASH MARKET. WELL THE QUESTION IS WHO SOLD IN MARKET.
INNOCENT TRADER SOLD 1300 CRORE IN HARASSMENT AND FEAR. BUY ON DIPS AROUND 5377 LEVEL IS ADVISABLE. NIFTY WILL FACE IMMEDIATE SUPPORT AT 5461 - 5424 LEVEL AFTER BREAKING 5424 NIFTY MAY SLIP TO 5325 LEVEL.
NOW SUPPOSE IF BREAK ANY HOW 5300 LEVEL WE MAY SEE A NEW LOW. BUT ITS CHANCES ARE VERY VERY LOW AT PRESENT LEVEL. IF MARKET WOULD HAVE FALL WELL WHY FII MONEY WOULD BE INVESTED IN MARKET. RETURNING FROM 5377 OR 5440 PROBABILITY IS HIGH.
ACCORDING TO SWING TECHNIC NIFTY IS IN SELL MODE ON 3 DAY EMA.
UNTIL UNLESS BULL HOLD LEVEL ABOVE 200 DMA NO PROBLEM FOR BULLS.